Future trading income is treated as business income so I am filling out ITR-4 downloaded online. I have other business income so I need to maintain books.
In the Part A-P&L section, if regular books are maintaned, under which heading do I show my future trading income?
Do i simply show net future trading profit under 3j) Any Other income?
Or, do I calculate Gross receipts for future trading income and also fill out point 7- Purchases (net of refunds and duty)?
CAclubindia
