I have a option trading loss of rs 1.1 lakhs approx, My turnover as calculated by the formula of (sale price + premium ) is around 4.6 lakhs and actual sale price of option is around 3.2 lakhs and purchase price is around 4.3 lakhs ... my query is how to show the same in itr 3 as i want to carry forward the loss and i dont have any other income other than option trading (i.e income is below basic exemption limit ) whether i have to consider the turnover in the return i.e.4.6 lakhs or the sale price i.e 3.2 lakhs and if i consider the turnover for my sales figure than how to reach at loss of 1.1 lakhs,whether i have to increase my purchase price too ??? to reach at the loss
In Trading schedule
show aggregate profit amount under item 4 A iii
Show aggregate loss amount under item 4- 9 -iii
The total down below will be Loss (item No. 12)