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Which itr to use for f& o loss ?

This query is : Resolved 
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(Querist)
22 July 2015 Hello everyone,

one of my client has incurred Loss in F&O Rs.200000/-

He has other business in which he has taxable income of Rs.500000/-

My Question :
Can he file ITR 4S ?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
22 July 2015 Need to file ITR4 to carry forward the loss. Also file return within due date.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
23 July 2015 depends on turnover...if the overall profit is equal to or more than 8% (for both businesses combined), you may file ITR4S also
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