If a salaried has a loss from F&O, where should it be disclosed while filing ITR-3 for FY 2021-22?
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Quick Summary
This discussion addresses how a salaried individual should report losses from Futures & Options (F&O) trading when filing their Income Tax Return (ITR-3) for the financial year 2021-22. The user is seeking clarification on the correct section for disclosure, particularly when no specific 'Business Head' option is available for 'No Account Cases'. The query aims to provide a detailed explanation on accurately reporting both turnover and loss.
There is no option to disclose loss under Business Head under No Account Cases. Could you please give detailed explanation as to where and how the turnover and loss should be disclosed for salaried individual?
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