CCI Online Learning
What do you want to learn today?
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

SHORT TERM LOSS ON SALE OF SHARES AND LOSS IN FNO

This query is : Resolved 

Dear Sir,
I have incurred short term loss of Rs 70000/= appx on buying and selling of shares and further incurred loss of Rs 25000/= appx on trading in FUTURES AND OPTIONS .
Can I show my short term capital loss of Rs70000/= and loss in FNO in FORM 2 for IT return for AY2020-21.
Since FORM 4 is applicable if FNO loss is > 1 cr.What to do with FNO LOSS ,please clarify

Thanks and regards,

P.J.RAO



* Form ITR-2 cannot be used since F & O result comes under 'business loss'.

* Form ITR-3 may be used wherein share trading loss may be reported under 'STCG' and F & O result may be reported under PGBP'.


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


Click here to login now



Similar Resolved Queries :





Trending Tags
GST Live Class    |    x