Can we use No account case for F&O if net profit is negative?
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No account case for F&O if net profit is negative
Replies (4)
If you want to carry forward or adjust it with other business income file ITR 3 under accounts maintained.
You cannot enter loss in no account case.
You cannot show loss in no account case. You need to fill balancesheet and trading and profit & loss
My net profit is -1178
Can i make it 0 and use No account case? I don't want to carry it forward. Will there be any issue?
No issue, you can proceed.
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