1. Assesse having regular business with GST registration turnover less than 1 crore
2. Intra day trading in F & O ( not showing in GST ) currently with loss.
My querry
1. Need to set off the loss of intraday F&O with normal business. How will file ITR ( is audit needed)
2. turn over of GST & ITR will not be equal. is there any issue??
3. Stock details and AIS having deviations. is there any issue if we go with stock PL details
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Intra day trading F&O
Replies (3)
1. F&O loss can be set off with other business profit, but not if loss is from intraday.
2. No audit necessary, if TO below 10 Crs.
3. Turnover of both the businesses are declared separately in ITR, so no need to worry for GST & ITR match.
4. Check why there is difference. Go with actual data, and report for any variation in AIS.
Thank you sir
You are welcome..
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