If an individual has speculation loss alongwith salary and capital gains income, need he to prepare Balance Sheet and Profit and Loss Account while filing ITR 3
CA.Sidhartha S Pillai (Chartered Accountant) (531 Points)
25 July 2017If an individual has speculation loss alongwith salary and capital gains income, need he to prepare Balance Sheet and Profit and Loss Account while filing ITR 3
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160721 Points)
Replied 26 July 2017
Yes......... along with tax audit liability, if aggregate income exceed basic exemption limit
CAclubindia
