How to Enter Speculative Business Income

ZenIT || How to Enter Speculative Business Income

How to Enter Speculative Business Income:

A flow is being suggested for entering the information under Speculative Business.

Information is required to be filled under the following sections:

  1. General Information > Profit & Loss Account
  2. Business & Profession Head
  3. Nature of Business
Step 1:
Go to Transactions >> General Information /BS/P&L >> Profit and Loss:


Step 2:
Enter the Speculative Turnover detail in point no 63:


Step 3:
Go to Transactions >> Business and Profession Head >> Speculation:


Step 4:
Go to transactions >> Filling information >> Nature of business:
Here, the nature of the business has to be selected according to your Speculative Business
Hope This Helps.

    • Related Articles

    • ZenIT || How to Fill Intraday and Speculative Business Income

      What Is Intraday Trading: Shares bought and sold (long trades) or sold and bought (short trades) within a single trading day are known as intraday trading. The trader’s purpose in intraday trading is not to own the equity shares but to take advantage ...

    • ExpressITR || Speculation Business Income

      Speculation Business Income in Express ITR To record "Speculation Business" income for a client in Express ITR, follow these steps: Step 1: Access the Return Flow Open the client’s profile in Express ITR. In the ITR Summary section, select Return ...

    • Income Tax Auditor manual updation

      If the client is using Spectrum software but wishes to update only the Income Tax Auditor, then: To resolve the error, please follow the steps provided below: Step 1: Navigate to the root location of the software, which can be either "C:\Program ...

    • ExpressITR || Process to Feed Intraday Trading Income

      Process to Feed Intraday Trading Income Follow the steps below to accurately feed intraday trading income in the system: Step 1: Access Client Profile Open the relevant client’s profile in the system. Navigate to the ITR Summary section. Click on the ...

    • Income Tax || Auditor Information

      Navigate to "Transactions" → "Auditor Information". Enter Tax Audit Information: Financial Statement and Audit Report: Choose the format for Balance Sheet and Profit & Loss account (Vertical or Horizontal). Specify whether Tax Audit under section ...