F&o losses

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accountant
44 Points Joined June 2017
where to show f&o loss if turnover is 500000 lac and 70000 is loss amount .so it's compulsory to go for audit if salary income is 400000.
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On 31 July 2022 at 11:46 Report
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SEO Sai Gr. Hosp.
210651 Points Joined July 2016

File ITR 3 & declare the loss under business head.

Audit u/s. 44AB not mandatory, if assessee had not opted for sec. 44AD in preceding 5 years.

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On 31 July 2022 at 11:53
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accountant
44 Points Joined June 2017
Thanks sir yes not opted for 44ad .so I have to fill trading and pnl data.
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On 31 July 2022 at 11:59
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SEO Sai Gr. Hosp.
210651 Points Joined July 2016

Yes, need to, if loss is required to be carried forward.

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On 31 July 2022 at 12:00
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accountant
44 Points Joined June 2017
Ok thank you sir
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On 31 July 2022 at 12:08
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SEO Sai Gr. Hosp.
210651 Points Joined July 2016

U R welcome ...          

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On 31 July 2022 at 12:16
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8 Points Joined November 2021
Pls explain which expenses allow against f&o?
Exps for Advisory tips? Brokerage? STT? GST? Other Charges? Online gateway payment charges? Stemp Duty?
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On 01 August 2022 at 14:06


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