Loss from F&O for AY 17-18
under which head will be shown?
what will be the
implementation if not shown in return ?
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Future & Option
Replies (8)
it will be treated as business income/loss. u hv to calculate turnover by adding the difference of sales and purchase value. in case of loss, u hv to file TAR or u cn surrender income u/s 44AD.
not very clear, what implementation
if not fill. if I fill in business loss whole balance sheet has to fill
if not fill. if I fill in business loss whole balance sheet has to fill
if u show it as business loss, u hv to file TAR also. or show it as 44AD. further if u dont show it, u ll face assessment proceedings and AO will make addition and penalty of non filing TAR.
TAR means
tax audit report. form 3B
if I fill 44ad than turnover means profit ?
read details of taxabilitu of f & o transactions. turnover means total of loss and profit in aggregate. as i told u in previous reply.
thank you very much
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