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Speculation & Nonspeculation Business

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(Querist)
29 August 2017 My client is salaried employe he received 40 lakh salary income & he also trading in intraday trading & f&o & in the share market he get loss then he can liable tax audit under sec. 44AD. I have not maintenan books of account. where I can show his income under computation nonspeculation business or capital gain Which ITR fillied
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
29 August 2017 need to file ITR-3. Cannot show this as capital transactions...
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RAJA P M

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RAJA P M (Expert)
29 August 2017 In case you ll be show it u/s 44AD then you (client) can't escape liability. Bcoz, You can show 8% or above. So, You ll be file ITR 3....
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