Schedule Part A-Trading Account AY 2026-27
Schedule Part A—Trading Account in the ITR form applies to taxpayers engaged in trading activities, including individuals, firms, and companies.
This schedule captures the business’s trading results and calculates the gross profit or loss for the financial year. It includes key details such as opening stock, purchases, direct expenses, sales, and closing stock. The difference between total sales and the cost of goods sold results in the gross profit or loss, which is carried forward to the Profit and Loss account.
This schedule applies to ITR-3, ITR-5 and ITR-6.