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F&O loss for company

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Pavan Kapoor

40 Points Posted on 26 August 2023

while filing ITR for companies how do I show f&o loss
1. whether as a separate lone item - with absolute value ls
or
2. it can be shown as an expense in business profit

alongside please provide ITR to be filled

Replies (3)

Quick Summary

This discussion clarifies how companies should report Futures & Options (F&O) losses on their Income Tax Returns (ITR). It confirms that companies must file using ITR-6. The consensus is that F&O losses should be shown as a separate item, rather than being included as a general business expense.