Schedule CG........ Sr. no. B7 'From sale of assets where B1 to B6 above are not applicable'
Sub sec. (ii) ... 'Full value of consideration in respect of assets other than unquoted shares' ...
Its business income and hence reflect in 'P&L acc.' and 'BP' sheets..
In case profits declared are more than 8% of turnover (be below 2cr).. the same may be declared under 'No accounts maintained option'
| BP | Schedule BP | Computation of income from business or profession |
What is the turnover for both intraday & F&O?
Yes, ITR should be filed for the AY 2018-19, with the accounts as of closing date, (may be nil turnover & zero profit)....
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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