Dear hon'ble members,
Can you enlighten me about which ITR is to be used for AY19-20. I am retired executive and have pension Income only. But have F&O loss and other income as Rent, Capital gain on share intraday trading. Should I need to file ITR2 or ITR4. Wether Audit is necessary as there is net loss of over 6 lacs in F&O. Can I carry forward this loss for next 8 years.
ITR 3 needs to be filed. If aggregate income exceed basic exemption limit after eligible set off of losses, audit may be applicable.
Sir, Can you tell me how to disclose the details of F&O in ITR-3, say I have turnover from option - Rs 5,80,000 (loss + premium on sale) and from future i having loss of Rs 3,20,000 and from Intraday gain 4,80,000. Please clarify:
1) How to disclose the turnover of Option and loss from such option in ITR
2) How to disclose the turnover of future and loss from such future in ITR
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
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AJAY SINGH AND CO LLP
Thane
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