derivative loss not mentioning in itr
This query is : Resolved
13 September 2016
In Fy 2015-16 I had some losses in f&o trading.I did not mentioned this in my ITR.MY ITR FOR assesment year 2016-17 has been processed .Now what should I do to avoid notice from IT department
13 September 2016
You will not face any problem in non reporting of loss in IT return. If notice received from IT dept reply to the notice as only loss incurred on f&o trading hence not considered the loss in ITR.
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