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Intraday trading in itr 3

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21 July 2024 I have income of Rs 2 lakhs from intraday trading in equity for the financial year 2023-24. Where I am supposed to show this income in ITR 3 form?

21 July 2024 Schedule Trading Account,
Sr. No. 12b & 12b

21 July 2024 In my previous return I had shown my income from intraday trading in Sr no 65 speculative head under schedule profit and loss account. For this year can I show my intraday trading income same as I did last year?


21 July 2024 Yes. if you are not required to maintain books under sec. 44AA IT act.

21 July 2024 What is the difference between income under Sr. 65 speculative head in schedule profit and loss account and income shown in schedule trading account 12 a and 12b?

21 July 2024 First one is 'No account Case' while second one is 'Accounts Maintained'.

23 July 2024 When does an assessee have to maintain books under section 44aa of IT ACT?

23 July 2024 Limits for Individual & HUF for maintenance of accounts in case of business i.e F&O here::
a) If total Income is more than Rs. 2,50,000.
b) If turnover is more than Rs. 25,00,000.
in any of the 3 years preceding the previous year


23 July 2024 I. Don't trade in future and options but I do intraday trading In which my profit is 2 lakh and turnover is 3 lakh I don't have any income under business head other than this income but I have other income under capital gains on shares. Do i require to maintain books?

23 July 2024 No, subject to compliance of the conditions in preceding 3 years.

23 July 2024 This limit for maintainance of account point a says if total income is more than 250000. IS this total income under all heads or only business income?

23 July 2024 Aggregate of all the businesses incomes (income under head PGBP)




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