Carry forward losses in equities, futures and options
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 July 2014
I am salaried person and have Transaction in Equities and F&O. I contacted CA and asked them to file ITR 4 for FY 2013-14.
CA filed ITR 4; they mentioned business loss (around 13 Lakhs) in (0204) Trading others along with Form 16 salary details.
They filed by using my login. (It was like self filing). They gave me the Statement sheet and fees receipt.
My question is how Income tax authorities would accept my losses (13 Lakhs). Since they have not mentioned that they have audited my account.
Please clarify me whether Audit of accounts is not required in my case.
CA filed ITR 4; they mentioned business loss (around 13 Lakhs) in (0204) Trading others along with Form 16 salary details.
They filed by using my login. (It was like self filing). They gave me the Statement sheet and fees receipt.
My question is how Income tax authorities would accept my losses (13 Lakhs). Since they have not mentioned that they have audited my account.
Please clarify me whether Audit of accounts is not required in my case.
Nikhil Kaushik
(Expert)
24 July 2014
you shall be in default for not getting the accounts audited. So kindly ask the auditor to revise the return to incorporate auditor's details and thereafter ask him to submit the audit report.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Oct 2025 Invoices
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
