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F&o losses
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.
Replies (6)
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.
Thanks sir yes not opted for 44ad .so I have to fill trading and pnl data.
Yes, need to, if loss is required to be carried forward.
Ok thank you sir
U R welcome ...
Pls explain which expenses allow against f&o?
Exps for Advisory tips? Brokerage? STT? GST? Other Charges? Online gateway payment charges? Stemp Duty?
Exps for Advisory tips? Brokerage? STT? GST? Other Charges? Online gateway payment charges? Stemp Duty?
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