Commerce coaching class and fno
Mahesh Kapadia (194 Points)
02 July 20241. Coaching income Rs 600000
2. Interest income Rs 250000
3. Fno loss Rs 200000
Total fno T. O. Rs 1050000
Please guide me.... How can I file ITR for Coaching and for fno.
Mahesh Kapadia (194 Points)
02 July 2024
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 03 July 2024
File ITR 3 as earlier, with addition of income of F&O under normal assessment.
Mahesh Kapadia
(194 Points)
Replied 03 July 2024
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 03 July 2024
Tax audit not applicable in your case.
Yes, you have to declare two businesses .....
Mahesh Kapadia
(194 Points)
Replied 05 July 2024
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 05 July 2024
No. Usually capital account is not linked with business account.