Two business one loss second profit ?
This query is : Open
06 May 2021
44 ad Gota Firm Business profit =205460/- and share trading short term loss (-256) And intreday loss (-1565) total Turnover share Business 5 lac.
which itr file? & Audit report applicable ?
which itr file? & Audit report applicable ?
06 May 2021
Ignore share trading losses which are meagre, file ITR 4 with 44AD business profit. Tax audit not applicable.
06 May 2021
Thank you
भविष्य मे कुछ problems तो नाही होग ।
भविष्य मे कुछ problems तो नाही होग ।
07 May 2021
No problem in case of loss not declared.
08 May 2021
Sir. In this case, would the assessee also offer presumptive profit on intraday absolute turnover ?
08 May 2021
Intraday profit is speculative hence 44AD not applicable.
08 May 2021
Dear Sir, There is no restriction for speculative business to offer income under sec 44AD.
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