Speculation & Nonspeculation Business
This query is : Open
Rahul Surve
(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
Nikhil Kaushik
(Expert)
29 August 2017
need to file ITR-3. Cannot show this as capital transactions...
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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