Intraday trading in FNO & OPTIONS resulted in loss , is there any limit in loss amount carried forward for next financial year.
Short term capital gain tax is calculated at 15% , which expenses can be claimed as expenses.
Menu
Loss from Intraday Speculative Business
Replies (2)
There's no limit in carry forwarding any losses.
expenses directly in relation to earn capital gains arre allowed
expenses directly in relation to earn capital gains arre allowed
In loss in intraday speculative Businees (intraday stocks,delivery (STCG) stocks, & Commodity &Currency futures.
First time filing ITR-3 with "specualtive trading " as a business.
Need CA who can do tax audit (as my profit less than 6%of turn over ) +other income (FD interest ) is above Rs 2.5 lakhs.
Have to recover STT paid on intraday equity & Futures transaction to afford the tax audit fee.
Kindly contact here or message .
Thanks
Recent Topic
- TDS related matter - 194 IA
- Research: How do CA firms handle GSTR-2B reconcili
- CA FINAL FR IndAS 33 Illustrtion 14
- Taxation on Sale of old Jewellery Received at Marr
- ITR-3 Filling issues
- PF withdrawal and tax liability
- Sale of Goods or Services?
- ITR form query
- Credit against paud RCM on rent
- Dividend difference in 26AS, AIS, TIS
Related Topics
CAclubindia
