The residential status of one of my clients was non-resident during previous year 2012-13. He was outside india for whole year. He was dealing in sale and purchase of future and options in India and had loss. Please tell me whether he is liable to file Income tax return ?
13 March 2015
If he has no other taxable income earned in India and doesn't want to carry forward the loss in future and options, no need to file the return.