I have filed ITR 3 till last year under 44ad for coaching income and during py 2023-24 I have following income
1. Coaching income Rs 600000
2. Interest income Rs 250000
3. Fno loss Rs 200000
Total fno T. O. Rs 1050000
Please guide me.... How can I file ITR for Coaching and for fno.
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Commerce coaching class and fno
Replies (7)
Quick Summary
File ITR 3 as earlier, with addition of income of F&O under normal assessment.
For reporting fno loss tax audit is appreciable in my case
Please guide me how to add new business code with earlier choose... I mean I have to choose two code I. E. 17006 for coaching and 09028 for fno
Please guide me how to add new business code with earlier choose... I mean I have to choose two code I. E. 17006 for coaching and 09028 for fno
Tax audit not applicable in your case.
Yes, you have to declare two businesses .....
Thanks one more confusion.... Can I show my residential flat in my balancesheet?
No. Usually capital account is not linked with business account.
Thank you very much
You are welcome.
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