I have been showing business of goods trading in 44AD and now I have F&O trading profit/loss. Can I continue showing goods business under 44AD and whether F&O has to be shown under 44AD separately or normal P&L in ITR 3?
F&O Trading profit/loss with 44AD business of goods
Catanil
F&O trading profit/loss and goods business under presumptive taxation: how to classify and report in ITR 3. Whether a taxpayer reporting goods trading under presumptive taxation may continue that classification when also having futures and options (F&O) trading results, and whether F&O profit or loss must be included in the presumptive computation or shown separately as regular business/professional income in the ITR 3. (AI Summary)
TaxTMI
TaxTMI