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...

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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.

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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