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NSE/BSE Trading/Investing thread !!!


velu

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FnO guys most likely would be filing itr3, could someone help me with a balance sheet query? Can I have just a separate business entity balance sheet where I would enter only the money invested in FnO ...(n not include my other personal assets like liquid cash, investments, immovable property) i heard the person need not enter personal balance sheet if income is less than 50lac... @velu @jusarrived

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18 minutes ago, randomGuy said:

FnO guys most likely would be filing itr3, could someone help me with a balance sheet query? Can I have just a separate business entity balance sheet where I would enter only the money invested in FnO ...(n not include my other personal assets like liquid cash, investments, immovable property) i heard the person need not enter personal balance sheet if income is less than 50lac... @velu @jusarrived

 

if your turnover in fno is more than 10 crore , we need todo audit ..

its easy to cross that limit if you are trading regularly 

 

ie sell options worth 10 lakh and buy it back for 19 lakh .. turnover is 19 lakh kind

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10 minutes ago, velu said:

 

if your turnover in fno is more than 10 crore , we need todo audit ..

its easy to cross that limit if you are trading regularly 

 

ie sell options worth 10 lakh and buy it back for 19 lakh .. turnover is 19 lakh kind

Pls help me with the balance sheet query If turnover is below 10 cr.  ...

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10 hours ago, velu said:

 

You dont show profits :giggle:

Incase IT dept reports , pay fine with interest :cool:

I understand you are joking ...but i file itr 2 as i don't do FnO...if I do FnO, i have to file itr 3 n make balance sheet... before filing, one has to have the knowledge of what is required...

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