How to show loss in futures tading in profit and loss section and balanc sheet section of ITR ? Wheather tax audit is required if futures trading loss is 3 lakhs and other sources income is 7 lakhs ?
CA Priyanka (CA) (35 Points)
27 March 2018How to show loss in futures tading in profit and loss section and balanc sheet section of ITR ? Wheather tax audit is required if futures trading loss is 3 lakhs and other sources income is 7 lakhs ?
CA Priyanka
(CA)
(35 Points)
Replied 28 March 2018
Trading in futures and options is normal business activities.
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