speculation loss in ITR 3

2488 views 14 replies
how to show speculation loss in ITR 3?
Replies (14)

Can opt for sec. 44AD, if profit margin 6% or more....

Otherwise depending upon turnover, audit would be applicable.

but ITR 4 is for 44 ad na?

Yes, ITR4 is for presumptive income declaration, which includes sec. 44AD....

but I'm filing ITR 3

Any specific reason for selecting ITR3??

Rules for presumptive assessment are same......... whether declared in ITR3 or ITR4 !!!

we have retail business as wel as share trading,short term, long term and speculation also

Retail trading, and speculative business profits....... both can be declared u/s. 44AD....... under 'no accounts case', be it ITR3 or ITR4.....

But if you wish to declare loss under any such business, maintanance of books of accounts and tax audit by a CA is mandatory. So contact any nearby CA......

We have maintained books of accounts.
But our turnover is just 20 lakhs around.

Including speculative business?

No
Retail business 20 lakh

So, when your aggregate turnover exceeds 25 lakhs, and if your aggregate income also exceed BEL but not crossing 6/8% of aggregate turnover, you will be required to submit audit report with your ITR.

Dear Sir,

If we done with a speculative loss, what to do, Please help

 

File ITR 3 with books of accounts and adjust/carry forward the loss for set off  against any speculative income, upto next 4 years.

Sir so are you saying 'for no account case' - one can not report speculative activity loss (intraday trading loss)?

Did anything changed this year? last year I had a small loss for intraday trading and I did report negative (loss) under no account case

This year their online filing is not allowing me to enter NEGATIVE value 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details