Comment on Classifying Your Market Activity

Pallavi Nene commented on 17 Jul 2017, 07:32 AM

Dear Nithin,

i am a house wife. There is no income other than interest on saving account, FD and capital gains from trading. Last year, the trading was started in Delivery based, Intra day and F&O.

If you consider total turnover in F&O, it is 5.96 lacs and a loss of 1.12 lacs, whereas in Intraday, the turnover is 0.81 lacs and a loss of 67K. The turnover in Short term is 13.24 lacs and profit of 0.75 lacs.

Considering that I DO NOT have a business set up where I can show expenses on rent or telephone bill or staff etc, what ITR return form should I use to book the loss?

If it is ITR3, I do not have balance sheet or profit/loss statement with me as I do not have business set up.

it will be great if you can clarify the same

Warm regards,
Pallavi Nene

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