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Intra Day loss carry forward

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9 Points Posted on 27 June 2025

Hello Sir,

My client is having professional income and filing ITR under 44ada

This year he is having speculative business income -77k , turn over is 2 .2 lakhs, and stcg ,-30 k, ltcg 35 k

Now my query is

1 can he carry forward speculation losees with out audit, and balance sheet

2 he has to choose 44 ad for speculation business without cary forward losses and show income as 6 percent I e 13 k and also show another professional income under 44ada in New scheme

What is best option for this case without audit and balance sheet in New scheme and for carry forward of losess

Thank you for reply

Replies (7)

Quick Summary

This discussion explores how to handle intra-day speculative business losses for a client filing under Section 44ADA. The core question is whether these losses can be carried forward without an audit and balance sheet. The advice leans towards using Section 44AD for the speculative income at a 6% declared profit, while keeping the professional income under 44ADA, as using both 44AD and 44ADA simultaneously is generally not permitted.

Rama chary Rachakonda

Master in Accounts & high court Advocate

9620 Points Posted on 30 June 2025

The best option for your case, without an audit and balance sheet , is to opt for section 44AD for the speculation business, declaring income at 6% (i.e. 13k), and also show another professional income under section 44ADA in the New scheme.

Nikhil Kaushik

Fellow CA

86881 Points Posted on 01 July 2025

i am not sure if you can technically use 44AD once you are a professional covered under 44ADA!

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9 Points Posted on 04 July 2025

Ok sir thank you.both ...but again now as per above ...I am asking... can I opt both 44ad and 44 ada at the same time .... please answer if possible....

Thank you 😊