intra day trading turnover and Gross receipt In ITR 3.

Turnover 100. Gross profit 100 Expenses as stated, net profit = GP- expenses.

Thanks for reply. We can show in Item no. 65 of Schedule PL.
2 Doubts
1) can we also show this income u/s 44ad in ITR 3 as we dont maintain book of accounts?
2) Can we also entered details of Turnover and others expenses in PL account and Balance sheet as we maintain books of accounts?
In both cases, How department will get to know that this income was earned from a Speculative activities?

Originally posted by : Dev
	Thanks for reply. We can show in Item no. 65 of Schedule PL. 2 Doubts1) can we also show this income u/s 44ad in ITR 3 as we dont maintain book of accounts? 2) Can we also entered details of Turnover and others expenses in PL account and Balance sheet as we maintain books of accounts? In both cases, How department will get to know that this income was earned from a Speculative activities?

There will be many ways IT department coming to know if assessee PAN has NSDL / CDSL accounts or stock exchange transactions on BSE/NSE. They can also get to know this data from Bank filings.

no no.. I mean when we file ITR, how they will recognise speculative business. there is no specific column for that in schedule PL.