Speculation Business Income

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
  1. Open the client’s profile in Express ITR.
  2. In the ITR Summary section, select Return Flow to begin.
      

Step 2: Go to Business Profession Head
  1. Navigate to the Business Profession Head section.
      

Step 3: Add Business Information
  1. Click on Add Business and enter the following details: 
    1. Type
    2. Business Name
    3. Nature of Business
    4. Trade Name
    5. Description
      
  1. Once entered, click Done or press Esc to save the business details.
Step 4: Access Income From Speculation Activity Option
  1. Click on Consolidate Sch. BP.
      
  1. Scroll down and locate the Speculation Activity option.
      

Step 5: Complete Annexure Details
  1. Click on Annexure and fill in all required details related to the Speculation Activity income.
      

By completing these steps, you can accurately enter "Speculation Business" income details for your client in Express ITR.

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