Reporting f&o loss jn ITR-3
This query is : Resolved
16 July 2024
Dear Experts,
We have f&o loss, in ITR3 of trading Account should I report sale value of f&o in other operating revenue ?? And at serial 12 (A) turnover from intraday (b) income from intraday. Should report only f&o turnover in 12(A) with -f&o loss in 12(B). ??
Pls suggest
Thanks
We have f&o loss, in ITR3 of trading Account should I report sale value of f&o in other operating revenue ?? And at serial 12 (A) turnover from intraday (b) income from intraday. Should report only f&o turnover in 12(A) with -f&o loss in 12(B). ??
Pls suggest
Thanks
16 July 2024
F&O business cannot be reported in Sr. 12(A) & (B), it is for intraday reporting. F&O can be reported in other operating revenue.
16 July 2024
Sir, sales value of f&o is in crore, whereas turnover is in lacs, where we will show f&o turnover in ITR-3
16 July 2024
Actually only turnover is to be declared based on absolute value of each transaction.
For more details you may refer::
https://taxguru.in/income-tax/report-fo-losses-in-itr-3-step-by-step-guidelines.html
For more details you may refer::
https://taxguru.in/income-tax/report-fo-losses-in-itr-3-step-by-step-guidelines.html
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