Sir,
When I enter details Profit of Intrday Shares in ITR No.3 AY 2019-2020 Column No.61 : "COMPUTATION OF PRESUMPTIVE BUSINESS INCOME UNDER SECTION 44AD" and thereafter enter same details in Column No.65 : "Turnover from speculative activity".
It is computing the same Income Twice and accordingly levy tax on it.
Kindly let me know which Column No. to fill and which one to left out ?
Menu
Some technical issue in itr 3 ay 2019-2020 under presumptive 44ad
Replies (3)
Fill details in column 65 and not 61.
Feed profit and loss account data in PL schedule (showing profit from all business), then intraday profit or loss on shares is to be shown separately because this is speculative profit or loss. Go to schedule BP and feed profit and loss from intraday. Profit and loss from future and options are considered as non speculative business.
Thank u Sir
Recent Topics :
- 12A registration expired in FY 22-23 and is not re
- Seeking Clarification on Business Code Selection a
- CG on property sold after construction of a house
- Nursing Home Taxability
- CA opted for Form 10IEA mistakenly - Demand raised
- Query on scenario related to FAST DS 2026
- Audit Executive (Remote, India) - Ace Auditing Off
- GST Transaction On Used Clothing
- ITC availed on 5%-rate passenger transport (AC bus
- Extension of Due Date of AY 2026-27
Related Topics :
ARTICLESHIP
04 September 2026
Accounts Executive
Hema Yashwanth & Associates
Chennai
B.Com
View Details
ARTICLESHIP
07 September 2026
Article/ Paid Assistant
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
View Details
ARTICLESHIP
18 September 2026
Industrial Trainee
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
CCI
Pro
CAclubindia
