Selection of ITR form & treatment of losses

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D Prem Mohun (Querist)
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21 March 2020 I am 66 year old pensioner. Done delivery, intraday and F&O transactions, purely on the advice of the dealer of the broking houses and have incurred a loss of about 5.00 lakhs. I want to know how to arrive at loss/gain in an F&O txn, on perusing the ECN, how to calculate the turnover and how to carry over the incurred losses and how to set off those losses in the coming years. I have got rental and interest income. I have been filing ITR-2 only for the past 12 years. Please guide me.

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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04 June 2020 https://cleartax.in/s/fo-trader-return-filing

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