ITR 3: Schedule BS for Speculative Business


I have some Intraday losses for FY 2021-22.
I’m aware that I have to file ITR-3 since it is Speculative Business.
Also, I’m not liable for an Audit.

I have maintained books of accounts anyway.
(includes: P&L for Speculative Business)
Note: I want to opt for the option ‘Books of Accounts maintained’ and provide details of all items in P&L.

While filing my ITR, can I leave the Schedule Balance Sheet blank since no balances exist for Speculative business as the loss incurred is transferred to my Capital account.

It would be of great help if you could clarify? @Sakshi_Shah1 @Nireka


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Hi @vinith.r,

It’s not recommended to report the Balance sheet blank if there have been transactions in the business account.
However, you may report a nominal balance to reduce the chances of scrutiny