Missed to declare F&O Loss

This query is : Resolved 

Quick Summary
A user missed declaring their Futures & Options (F&O) loss on their Income Tax Return (ITR) for FY 21-22. They are seeking advice on how to declare this loss now, as they cannot adjust it against current year profits. Unfortunately, the deadline to revise the return has passed, and an updated return can only be filed if there's an additional tax liability.

22 July 2023 My CA missed the F&O Loss shown in Trading P&L for FY 21-22, hence the ITR and computation do not reflect that loss. Is there a provision to show that loss now by means of revision of ITR or any other way? For your information ITR for FY22-23 has been filed too.
I could have easily adjusted current years profit against it but can't do that now.
Anyone with expertise please advice!!
Thanks in Advance!!

22 July 2023 No way.
The date to revise the return is over.
Updated return can be filed only if there is any additional tax liability.

14 September 2024 Good luck.


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