Sec 44AD F & O
Amit Jain (Proprietor ) (534 Points)
10 March 2022He suffered a loss of Rs. 6,000/- in Option Trading. Option Turnover is 2 Lacs
Whether he can show Option Turnover u/s 44AD and show profit of 2 Lacs * 6% = 12,000/- profit irrespective of the actual loss.
Please Guide