SPECULATIVE LOSS (INTRADAY)


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If you've incurred an intraday speculative loss and declared your business as both engineering consultancy and intraday trading, you'll likely need to complete the balance sheet section of your ITR3 form. This applies unless your professional income is declared under Section 44ADA of the Income Tax Act.

05 August 2025 I incurred a loss of Rs. 297 in intraday. I have shown "nature of business" as 1. profession(engineering consultancy) and 2. trading in intraday. Do I have to fill up the balance sheet page of ITR3?

05 August 2025 Yes, for the professional income, unless it is declared u/s. 44ADA IT act.

24 September 2025 Good Luck...


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