ITR AY 2018-19 Query Urgent Please

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Sold Jewellery resulting Long Term Capital Gains under which column it should be mentioned in schedule CG of ITR - 2
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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' ...

ITR 3 U/S 43(5)

Where (Sheet / Column) to mention profit earned by trading in equity OR futures and options for intraday (non-delivery) basis.
thanks®ards

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'

Sir,

BP under which column?

F & O Profit approx ₹ 20000
And
Equity intraday Loss approx ₹ 1500
Thanks
BP Schedule BP Computation of income from business or profession

 

What is the turnover for both intraday & F&O?

Sir,
Thanks for above.
One more question please

Partnership firm dissolved in FY 2017-18 and one out of two partners expired in July 18

Is it necessary / compulsory to file ITR for AY 2018-19?

Please note that the said firm was running in loss from last few years.

thanks

Yes, ITR should be filed for the AY 2018-19, with the accounts as of closing date, (may be nil turnover & zero profit)....

thanks sir

Most Welcome ... 

 

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