ITR 3 filing doubts

Quicko File
1

Hi Team,

i am filing ITR 3 under business and profession,

  1. after connecting to broker it fetched the data for intraday successfully, in assest and liability do we need to enter long term short term gains?
  2. what does it mean Value of stock held as on 31/03/, means the holding of stock as on date 31/3 ?
  3. if we have balance (unsued) amount in trading account do we need to report that as well, if Yes How ?
  4. do we need enter our expenses like (STT, stam duty Etc) under duties and taxes each taxes saperatly ??

please answer the above it will be help full for me

2

Hi,

When you connect your broker app and import trading data on Quicko, we already take the expenses into consideration. Moreover, for the balance sheet, in case of Intraday/F&O trading, you don’t have to report the opening and closing values of stocks. You can report your closing bank balance and balance with broker (enter the amount under other current assets). The balance sheet was made keeping in mind all kinds of businesses and not just stock trading and hence, adding all the fields in your case isn’t mandatory.

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