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Share loss not disclosed in itr

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(Querist)
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
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ACA Anurag

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ACA Anurag (Expert)
23 September 2016 Dear Rohit, U should disclose it in ITR
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