Regarding tax audit for stcg
This query is : Resolved
16 August 2019
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.
Regards.
Pranav
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.
Regards.
Pranav
CA R SEETHARAMAN
(Expert)
17 August 2019
Tax audit not required it's only short term capital loss can be carried for 8 years. File ITR 2.
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