Ramesh (Manager) (25 Points)
22 May 2018Please Help me!
I have made a F&O losses of 14 lakhs for which my turnover is 91 lakhs. Also i have made a profit of 50000 in short term equity trading. I am a salaried person - my total salary for the year is 8 lakhs. And also i have made a profit of 1.5 lakh from sale of a property. Should i need to report the losses in my ITR? If i dont report it, will i be getting any notices? Please guide. Urgent!!
Thanks in Advance.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160733 Points)
Replied 22 May 2018
" Should i need to report the losses in my ITR?"
Undoubtedly.......
"If i dont report it, will i be getting any notices?"
Certainly.....
Ramesh
(Manager)
(25 Points)
Replied 22 May 2018
Can you pls tell why is it mandatory? I dont want to carry forward and claim the losses.
CA S Praveen Kumar Reddy
(Chartered Accountant)
(2195 Points)
Replied 22 May 2018
CAclubindia
