Itr-query
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 July 2018
Hello freindz....
I am earning salary of 8 lakh, besides i have also traded in stock market and having speculation loss of Rs. 4167 in intra day trading,
My question is which ITR should i have to file
IF itr-3 than , should i require to file P/ l and balansheet also,
if i opt in No Book in ITR 3 and im showing Net loss ( dispite having inocme from salary more than basic exemption limit), will i have to do tax audit.
my salry is 8 lakh
and Speculation loss( Intra day share trading ) 4167...
Thanks & Regards...
I am earning salary of 8 lakh, besides i have also traded in stock market and having speculation loss of Rs. 4167 in intra day trading,
My question is which ITR should i have to file
IF itr-3 than , should i require to file P/ l and balansheet also,
if i opt in No Book in ITR 3 and im showing Net loss ( dispite having inocme from salary more than basic exemption limit), will i have to do tax audit.
my salry is 8 lakh
and Speculation loss( Intra day share trading ) 4167...
Thanks & Regards...
28 July 2018
Use ITR-3. Need not fill P and L / Balance sheet.
Choose 'no books' case and need not audit because a view can be taken that profit of eligible business does not cover maximum amount not chargeble to tax.
Choose 'no books' case and need not audit because a view can be taken that profit of eligible business does not cover maximum amount not chargeble to tax.
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 July 2018
but sir, while Return Filing return error was appeared as , IN CASE OF NO BOOKS OF ACCOUNTS MAINTAIN PROFIT CAN NOT NEGATIVE........
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