Hi…how to file losses from FNO in new itr 3 (p&L) for ay 2021-22 ?
@Quicko please respod
Hello @Learn4living ,
If you have F&O Losses, you need to show the same as Business Losses in ITR-3. You need to add the turnover details, expenses in relation to F&O activity and arrive at the final loss/profit figure.
You can refer the below guide for detailed tax treatment of F&O Losses.
Hope it helps!