Traading in share arket
This query is : Resolved
14 May 2017
IN FY 2016-17, I HAVE DONE TRADING OF 42 CR( 21 CR PURCHASE AND 20.98 CR SALE) APPROX
HENCE LOSS OF APPROX 2 LACS
WHICH ITR FORM SHOULD BE USED AND UNDER WHICH HEAD IT SHOULD BE SHOWN.
I AM NOT REGULAR TRADER , DONE TRADING IN WEEK, SOMETIMES DAILY OR EVEN IN 2 MONTHS
HENCE LOSS OF APPROX 2 LACS
WHICH ITR FORM SHOULD BE USED AND UNDER WHICH HEAD IT SHOULD BE SHOWN.
I AM NOT REGULAR TRADER , DONE TRADING IN WEEK, SOMETIMES DAILY OR EVEN IN 2 MONTHS
14 May 2017
You have to file ITR 3 treating it as business loss. As your turnover exceeds one crore tax audit applicable to you.
15 May 2017
You can show provided it is not a case of purchase and sale on the same day.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- PAN Migration to New AO
- Tax implications of gift to maternal uncle
- How to open attachment in 23ac xbrl
- Capital gains LTCG
- Gifts in cash
- Input Tax Credit Puf panels
- 26QB correction - no data available error for fully consumed/processed with default
- Real estate business by a partnership firm where both of the partners are SC/ST
- Demand due to error in 3cd
- TDS on Purchase of Immovable Property in case of Co Owner
- AS-16 Treatment of Borrowing cost for land and building
- Why TDS receivable entry made at the date of bank Received.
- HSN WISE SUMMRY REPORTING IN GSTR-1
- Tds rate on loan given to a firm from personal file
- Excess TDS Paid_Form 26QC
- TDS ON PAYMENT TO NON-RESIDENT BY RESIDENT FOREIGN ENTITY
- HOW TO CALCULATE FOOD CHARGES
- Travel Agent Charges 5 GST without ITC. Can he raise invoice18 on Service Fee for Flight Tick
- Income tax planning
- Please help with SAC Codes (6 digits) for below mentioned services provided by Chartered Accountant
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through Chat GPT
CA Deepak Gupta26 April 2025
CAclubindia
