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Intraday and F&O

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Accountant
646 Points Posted on 07 August 2023
Sir from your kind authority I want to know that the profit of trading of intraday and F & O comes under section 44AD and I shall be shown the profit more than 8% and I also want to know that the loss of trading of Intraday and FO can be claimed in same format by using the sign(-) of minus and carry forward the loss to next year.Please guide me Thanks.
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On 07 August 2023 at 20:18 Report
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SEO Sai Gr. Hosp.
211566 Points Posted on 07 August 2023

Loss cannot be declared under Sec. 44AD of the act. Minimum 6% profit need to be declared.

581 Reply
On 07 August 2023 at 21:40
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"Do the Right Thing...!!!"
128147 Points Posted on 07 August 2023
Yes I agreed with Mr Dhirajalal Rambhia Sir.
463 Reply
On 07 August 2023 at 22:18
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CFO- at NHTF
58280 Points Posted on 08 August 2023
Either you can declare 8% / 6% profit on turnover and pay tax or you declare loss.

Both are different
59 Reply
On 08 August 2023 at 08:22


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