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Intraday and F&O
Sir from your kind authority I want to know that the profit of trading of intraday and F & O comes under section 44AD and I shall be shown the profit more than 8% and I also want to know that the loss of trading of Intraday and FO can be claimed in same format by using the sign(-) of minus and carry forward the loss to next year.Please guide me Thanks.
Replies (3)
Loss cannot be declared under Sec. 44AD of the act. Minimum 6% profit need to be declared.
Yes I agreed with Mr Dhirajalal Rambhia Sir.
Either you can declare 8% / 6% profit on turnover and pay tax or you declare loss.
Both are different
Both are different
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