Where do we show turnover and profits / loss from non speculative business ??
Do we add the above mentioned turnover with Normal business turnover ??
else
where do we show it separately ??
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Turnover and Profits/loss from Futures and options trading.
Replies (3)
Quick Summary
We should show in normal business turnover,but mention under separate head as non speculative business or specified business
So in ITR 3
I should show business 2 as trading futures and options show this turnover expenses profit or loss ???
business 1 will be normal business turnover !
I should show business 2 as trading futures and options show this turnover expenses profit or loss ???
business 1 will be normal business turnover !
You will add it with normal business
for normal business you will show business code as per your business
and for trading you will show the code as per trading activities of yours in the nature of business session
for normal business you will show business code as per your business
and for trading you will show the code as per trading activities of yours in the nature of business session
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