Itr3 filing for intraday case(speculative) income.

ITR 308 views 2 replies

sir, 

i am a salaried employee and i did some intraday transactions for FY 2018-2019 ,my turn over is 20k and profit is 7.5k. I understand that tax audit & account keeping is not required. I have entered above turn over and profit  details on Item NO 65 in P&L. What other information should i fill in ITR 3 to complete the filing.What is mean by gross receipts in the context of INTRADAY. 

Replies (2)
gross receipts mean the total income earned by you before expenditure incurred by you.
Gross receipts means your intra-day profit. from this you can deduct incidental expenditure if any otherwise zero.


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