Equity / f and o losses to be filed
This query is : Resolved
27 June 2014
If salaried person has loss in F & O and equities; whether the losses will be considered as Short term capital loss or it has to be shown as business income and the losses would be considered as business loss. ITR 2 or ITR 4 which should be used to file the returns. Please suggest
27 June 2014
F&O loss is considered as business loss.
ITR4 needs to be filed
ITR4 needs to be filed
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27 June 2014
F & o is business loss and file itr-4 you can forward the loss for future adj.
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27 June 2014
I have long term capital loss in equities, can I claim it as business loss along with Equities trading and F&O loss. Please suggest If I need to use ITR 4; can I do it for myself or should I contact any CA firm to do for me (Since the Turn over is less than 1 crore; No need of Audit). Please suggest.
28 June 2014
I have long term capital loss in equities, can I claim it as business loss along with Equities trading and F&O loss. Please suggest If I need to use ITR 4; can I do it for myself or should I contact any CA firm to do for me (Since the Turn over is less than 1 crore; No need of Audit). Please suggest.
31 July 2014
dear Venkatesh,
audit is necessary if you have loss in F&O (even if turnover iss less than Rs 1 cr)
audit is necessary if you have loss in F&O (even if turnover iss less than Rs 1 cr)
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