INTRADAY SHARE LOSS IN 44ADA

MY QUERRY IS ....   

(1) MY CLINT IS ADVOCATE AND IS 5 LACS TOTAL INCOME OF FEE

(2) ALSO HE IS ENGAGED IN INTRADAY SHARE MARKET AND HE HAS 83000 LOSS THAT YEAR .

CAN I FILE 44ADA?

SHARE LOSS CAN BE SHOWN IN SEPCULATIVE INCOME COLUMN ?

IF YES ! WHY ?
 

Replies (6)
Quick Summary
This discussion explores whether an advocate with a total income of £5 lacs and an intraday share market loss of £83,000 can file their tax return under Section 44ADA. The core question is how to correctly declare the share market loss, specifically if it can be shown in the speculative income column or needs to be reported under general business income in ITR 3.

In business coloum with details including expenses

madam i cant understand your answer....please reply as i asked to understand me...thnaks for reply

madam i cant understand your answer....please reply as i asked to understand me...thnaks for reply
 

Fill itr 3

under the business income category.
with the expenses

ok,thanks

 

ok,thanks

 

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