banner_ad

Loss on intra day trading

This query is : Resolved 
Profile Image

Profile Image

(Querist)
08 February 2019 Assessee is a salaried individual who is also involved in share trading. He has accumulated losses in intra day trading (speculation) as well as short term capital gains. Please guide on the following
Which ITR form he has to file?
How can he claim speculative loss in return if he is not maintaining books of accounts?
For how many years the loss be carried forward?
Whether tax audit needs to be done for claiming losses if turnover does not exceed 2 crores
Thanks
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
09 February 2019 1 ITR 3 has to be filed.
2 Claim speculative loss to be carried over for a period of 8 years to adjust against speculative gain.
3 Tax audit required as loss is declared and having taxable income from salary.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details