I have loss in intraday trading (equity), intraday turnover less than 10 lakhs; first time doing trading. Other total taxable income less than 2.5 lakhs
ITR3 Reporting loss in Schedule Part A Profit and Loss / No Account Cases / Speculative activity 65i (ii) Gross Profit
As I understand audit and maintenance of books is not required in my case, but if I show loss in speculative activity then getting below error
Tax Payer has claimed loss under the head “Profits and gains of Business or Profession”/No account Case section(Part B) of Profit & Loss A/c; however, he has not filled the Part A - Balance Sheet and Part A - Profit and Loss Account and has not got the books of account audited.
How to overcome this issue ?
CAclubindia
