Itr 4 and f&o loss
This query is : Resolved
20 June 2013
I TRY TO FILL UP ITR 4 TO SUBMIT IT ONLINE,IN PART PL SR. NO 51 b GROSS PROFIT COLUM -31500 NOT ACCEPTING [I HAVE LOSS OF RS 31500 IN F&O] LAST YEAR IN SAME SR NO NEGATIVE FIGER WAS TAKEN.
WHAT I HAVE TO DO/OR WHERE I HAVE TO SHOW F&O LOSS IN ITR 4 [ I AM NOT MAINTAINED ANY BOOKS]
WHAT I HAVE TO DO/OR WHERE I HAVE TO SHOW F&O LOSS IN ITR 4 [ I AM NOT MAINTAINED ANY BOOKS]
CMA Ramesh Krishnan
(Expert)
20 June 2013
For F&O loss, claiming loss, books need to be audited u/s.44AB. and also you cannot show the gross loss in the ITR. approach any CAs to get books audited and file the ITR.
Last year, those are shown negative figures that place got the notice u/s.139(9)
so to avoid. follow the process suggested
Last year, those are shown negative figures that place got the notice u/s.139(9)
so to avoid. follow the process suggested
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