F&o loss


This query is : Open 

22 July 2020 It is replied that if there is f& o loss & u want to file return for tds claim where to show loss loss & which return.? Need to prepare p& l& B.sheet and file ret to claim cf loss.?If return is delayed hence cf loss will not be allowed can i opt to not show f& o loss and only show f.d interest income & claim refund of tds.

25 July 2020 You need to file ITR-3, the F&O are considered as Non-Speculative business, and can c/f upto 8yrs. So why to not take the benefit. And for FY 2019-20, the income tax return due date is extended upto 30th Nov, 2020. For any queries, you could contact to the below id: caankithjain@gmail.com


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