F & o transactions
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 July 2013
Hello!
I have income from other sources. Also, I have losses from F&O transactions of around Rs. 17000/-. I need to file ITR-4 but its utility (as downloaded from department's site) is not accepting negative figures. Please help.
Further, I came to know that for claiming F&O losses, one needs to have his accounts audited irrespective of the amount of loss. Is it the case?
Please clarify.
I have income from other sources. Also, I have losses from F&O transactions of around Rs. 17000/-. I need to file ITR-4 but its utility (as downloaded from department's site) is not accepting negative figures. Please help.
Further, I came to know that for claiming F&O losses, one needs to have his accounts audited irrespective of the amount of loss. Is it the case?
Please clarify.
CMA Ramesh Krishnan
(Expert)
28 August 2013
F&O transaction covered under sec.44AD. need to audit the books of account for claiming loss
CMA Ramesh Krishnan
(Expert)
28 August 2013
Along with audit report need to file the ITR-4S
CMA Ramesh Krishnan
(Expert)
28 August 2013
Along with audit report need to file the ITR-4S
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