How to disclose F&O Loss in PL at the time of filing ITR

ITR Filing 392 views 1 replies

In the case of Future & Option Turnover Calculation as per ICAI Guidance Note as follows - 

(A) for Futures :

The total positive and negative differences shall be taken as Turnover. 

E.g. Buy Rate:621 and sale Rate 611 then Diff i.e (621-611) = 10 is turnover.

 

(B) for Options :

The total positive and negative differences shall be taken as Turnover + Premium received on sale option is to be included in turnover.

e.g. Buy premium: 20 and sale premium: 25 then turnover = (25-20) + 25 = 30

Question :

1.  How to disclose this turnover in PL and calculate the actual profit/loss at the time of filing Return (ITR-3)?

2. Whether the whole BS of Individual or only BS related to F&O transaction has to be disclosed in Return (ITR-3).

 

 

 

 

 

Replies (1)

Turnover F&O here means total of net debit + net credits of contract bills ( aggregate of all profit items +all loss items)

Balance Sheet will be as related to your business activity - F&O , Options.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details