ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

F&O loss in ITR

suhasnadigsv@gmail.com (2 Points)

05 January 2021  

There is only one F&O trading during FY 2019-20
Can i show it under STCG or should i have to declare under business head.


 5 Replies

Smit Shah (524 Points)
Replied 05 January 2021

You can show it as STCG

Sourav (Student) (23917 Points)
Replied 05 January 2021

You can show it as stcg

ayusmita (Tax consultant) (5810 Points)
Replied 05 January 2021

If one to three trading in FandO then add it in short term capital gain

Spurto Consultancy Services (Consultant) (1891 Points)
Replied 05 January 2021

Technically speaking it must be reported under business income. Derivative trading is always non speculative business. You cna easily carry forward the loss

But in general practice, taxpayers are reporting it under capital gain. 

Krishna Chaudhary (Accountant) (4531 Points)
Replied 08 January 2021

Generally f&o is shown under section 44AD.
BUT THERE IS ONLY ONE TRANSACTION I THINK YOU SHOULD IGNORE IT .IT IS A BETTER OPTION YOU HAVE.

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  





Subscribe to the latest topics :
Search Forum:

Trending Tags