profit made from F&O - 39,214.5 INR Considering to declare as Business income non-speculative
scriptwise Turnover - 7,82,305 INR
Tradwise Turnover is 17,09,053 INR
for freelance income limit is 50 lacs and profit should be more than 50%.
I want to file under presumptive taxation. but I have loss in FNO. so I want to know can I file RETURN with presumptive taxation for freelance income and general for FNO.
Yes, you can report your income from freelancing under the presumptive taxation scheme and the F/O profits can be reported as regular business income. You will have to file ITR- 3 in this case.