This discussion addresses how to carry forward losses from F&O trading in a previous financial year (FY2021-22) when filing for the current year (FY2022-23). The user filed ITR3 previously but had no F&O trading in the current year, only capital gains. The advice given is to file ITR2 for the current year to correctly show and carry forward the previous losses, even if you only have capital gains.
20 July 2023
Hi Team, I have a query on carry forward losses. If someone has loss in FNO in FY2021-2022 and he has filed ITR3 with loss. But in 2022-2023 he has not done any fno trading only has capital gains .So, current year which ITR he should file to get the carry forward losses from previous FY. Whether carry forward losses will be shown in ITR1 and ITR2 also?