banner_ad

F&o losses

Others 238 views 6 replies
User Avatar

accountant
44 Points Posted on 31 July 2022
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.
0 Reply Share Follow
On 31 July 2022 at 11:46 Report
Replies (6)
User Avatar

SEO Sai Gr. Hosp.
211715 Points Posted on 31 July 2022

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.

Reply
On 31 July 2022 at 11:53
User Avatar

accountant
44 Points Posted on 31 July 2022
Thanks sir yes not opted for 44ad .so I have to fill trading and pnl data.
Reply
On 31 July 2022 at 11:59
User Avatar

SEO Sai Gr. Hosp.
211715 Points Posted on 31 July 2022

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

Reply
On 31 July 2022 at 12:00
User Avatar

accountant
44 Points Posted on 31 July 2022
Ok thank you sir
1 Reply
On 31 July 2022 at 12:08
User Avatar

SEO Sai Gr. Hosp.
211715 Points Posted on 31 July 2022

U R welcome ...          

Reply
On 31 July 2022 at 12:16
User Avatar

8 Points Posted on 01 August 2022
Pls explain which expenses allow against f&o?
Exps for Advisory tips? Brokerage? STT? GST? Other Charges? Online gateway payment charges? Stemp Duty?
Reply
On 01 August 2022 at 14:06


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details