Audit requirement for f & o loss

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Dear all,

Please help me in selection of proper ITR form and applicability of Audit.

I have Future turnover or Rs. 3,51,000 and loss of 1,20,000 for AY 2019-2020. There are six future trades for one scriptt. Other incomes are STCG 7000 and FD interest  is approx. 5,000.

  1. Which ITR form shall I file ?
  2. Is Audit required ?
  3. If I don't require to  carry forward F&O loss,  is it possible ? in this case which ITR form to be filed ?

Thanks in advance. With best regards, 

 

Sudhanshu

 

Replies (1)
1. ITR 3
2. No
3. Same ITR 3 but in CFL schedule enter zero

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