Incometax return

I am doing business of share trading through NSE.I have profit from NSE Cash Segemnt and loss in derivatives.My CA has filed ITR 3 and have shown derivatives loss in profit & Loss Account under Other Expenses column.Kindly reply if this procedure is correct.

There is no specific head in the ITR to show where we can fill the gains as well as loss. When its not specific , it can be filled under other expenses too.

1 Like