11 September 2020
Hi, I have 50k profit from F&O trading in past FY, which requires ITR3 as its considered as business income. How to fill up balance sheet and P&L schedule for this income.
13 September 2020
Yes ITR-3. You need to calculate your turnover from F&O, if that exceeds a specific limit, then you need to maintain books and conduct audit.
If you turnover is below the limit, then you could ignore balance sheet, P&L.
For any queries, you could contact on caankithjain@gmail.com
14 September 2020
Thanks, Ankith. Could you please suggest, how to account in ITR for a loan given to a PVT LTD, where the person is also a director and shareholder.
CAclubindia
