30 December 2021
Dear Sir, Pls clarify the following issues....
1) An individual having salary income, also have Commission income TDs thereon deducted 194H, should I show commission income as IFOS or to file p/l and balance sheet.
2) an individual having STGL shere loss in future & option trading, his broker has given consolidated loss figure, how to show this consolidated loss, whereas ITR compulsory to fill sale & purchase date, value also.
30 December 2021
1. Depends upon quantum of commission received. If not major source of income, it can be declared u/h. IFOS. 2. You need to calculate turnover from each trades. Based on turnover, you can decide the nature of income.
CAclubindia
