Form 10 IE: to carry forward loss
This query is : Resolved
07 July 2023
Hi
Client had a business (F&O) loss in AY 2022-23 and carried forward that loss and had filed under old regime. However in AY 2023-24 he does not have any business income only business (F&O) loss of previous year and salary for this year.
The new regime is beneficial in AY 2023-24, do we need to file form 10IE if there is the following income
1. Salary
2. Capital Gain (Shares)
3. F&O loss to be carried forward from last year
Client had a business (F&O) loss in AY 2022-23 and carried forward that loss and had filed under old regime. However in AY 2023-24 he does not have any business income only business (F&O) loss of previous year and salary for this year.
The new regime is beneficial in AY 2023-24, do we need to file form 10IE if there is the following income
1. Salary
2. Capital Gain (Shares)
3. F&O loss to be carried forward from last year
07 July 2023
It would be advisable to file form 10IE along with ITR form 3 with nil business income to carry forward earlier losses.
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
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Gift of mutual fund units to daughter
- Building tax payment deduction in rental Income
- Reporting of STCG on Property in ITR
- Not able to file ITR
- Upload Level ValidationITR3Category of Defect B/D
- Which ITR To be filed by dentist
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
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
