Can we use No account case for F&O if net profit is negative?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(168037 Points)
Replied 01 July 2023
If you want to carry forward or adjust it with other business income file ITR 3 under accounts maintained.
You cannot enter loss in no account case.
CA Aakarsh Jain
(CA)
(10353 Points)
Replied 01 July 2023
Manu
(Mr)
(122 Points)
Replied 01 July 2023
My net profit is -1178
Can i make it 0 and use No account case? I don't want to carry it forward. Will there be any issue?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(168037 Points)
Replied 01 July 2023
No issue, you can proceed.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
