banner_ad

Loss from derivatives and Currency Trading in F&O

Others 503 views 2 replies
Sir
My Client has traded in F&O of Equity and Currency, in FY 18-19 Loss in equity is 9lac and Currency loss is 1lac. but the turnover of buying and selling is more than 1cr
whether I need to audit u/s 44AB or file returns non audit.
in which column should I show this loss in IT Return

Thank You
Replies (2)

File ITR 3...

Declare the F&O income under head PGBP

Tax audit u/s. 44AB mandatory, if the net turnover of F&O exceeds Rs. 1 cr ...

Show in Trading Account
4 A iii F&O Income
9 iii F&O Loss
Net result will be F&O loss as per your query

Tax audit is required as turnover exceeds limit of 1 crore.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details