I have a question, I've made a p&l which includes intraday trade as well as normal business since I'm willing to treat intraday transactions as business. But now I'm unable to find the module for showing speculative loss separately in ITR3. It's just having a dedicated item 65 for information regarding speculative income but it's only for those not maintaining books of accounts and in turn requires minimum profit of 6% to be shown, else we need to feed audit details.
How can I show intraday activities in ITR3 utility as speculative business ? (I don't want to show it in item 65 since I'm maintaining accounts and want to carry forward the losses as speculative loss)
1 Replies
veerendar singh
(tax consultant)
(3301 Points)
Replied 25 September 2021
It is necessary to show in item 65. this will help in autofilling set of and carryfoward schedules
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