Hi,
I'm filing my ITR for AY 2020-2021.
I had done quite a few options transactions in the financial year and have incurred a loss cumulatively.
What would be the procedure for showing this in ITR 3? I'm filing for my professional income under 44ADA and have a salary too.
My questions are:
1. Where can I show this loss from options trading?
2. Am I liable to get audited?
3. How do I calculate my turnover from options? (To figure out if it's more or less than 1 crore.)
Any help in this regard would be highly appreciated.
Thanks!