Share loss not disclosed in itr
This query is : Open
23 September 2016
I have filed positive return income in my ITR and have excluded the F&O Loss from my ITR. As per section 271 if after assessment there is loss then no penalty or interest can be levied for not disclosing full details.
PS: I have not shown loss in ITR and have not earned any profit
PS: I have not shown loss in ITR and have not earned any profit
23 September 2016
Dear Rohit,
U should disclose it in ITR
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