Updated Online video classes available for CA,CS,CMA for May20 and Nov20 batch. Call: 1800-3000-0505

Regarding tax audit for stcg

This query is : Resolved 

Hello Sir,

I am doing swing trading in cash ( ie I hold shares for 3-5 days ) and sell it. I am having a small loss.No trading has been done in F&O and intraday. Only in equity cash segment.
I also work in an IT company and tax slab is 10%.

Do I need to have tax audit if I need to carry loss for 8 years?And does it come in non- speculative income.

How will it be taxed and which ITR form should I fill.

Please help.


Tax audit not required it's only short term capital loss can be carried for 8 years. File ITR 2.

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

CA Learning