Speculation business
This query is : Open
13 March 2018
Dear sir,
I have to file speculation business income from sale of shares. I have checked in internet that to calculate turnover, i have to sum up all profits and losses(as a positive figure) to arrive at turnover. I have calculated the same but i dont know how to file it in ITR-3. If i enter the turnover amount as sales and to get the profit amount in profits column, i have to deduct the difference amount(difference between the turnover value and profit amount) somewhere. can someone help me, where should i adjust the amount or how to file it?
I have to file speculation business income from sale of shares. I have checked in internet that to calculate turnover, i have to sum up all profits and losses(as a positive figure) to arrive at turnover. I have calculated the same but i dont know how to file it in ITR-3. If i enter the turnover amount as sales and to get the profit amount in profits column, i have to deduct the difference amount(difference between the turnover value and profit amount) somewhere. can someone help me, where should i adjust the amount or how to file it?
13 March 2018
File ITR 4 by declaring 6% profit on turnover as you calculated.
13 March 2018
sir,
i have other business income also whose profit is less than 6% and i have got my books audited but dont know how to show the speculation business turnover and profit in ITR-3
i have other business income also whose profit is less than 6% and i have got my books audited but dont know how to show the speculation business turnover and profit in ITR-3
13 March 2018
All business turnover to be clubbed and subject to tax audit.
19 March 2018
As per income tax, to arrive at turnover, i have to addup all values(profit and loss). but when i show it in itr, how should i tally the turnover with the profit from speculation business?
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