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.
F&O loss in ITR
suhasnadigsv@gmail.com (2 Points)
05 January 2021suhasnadigsv@gmail.com (2 Points)
05 January 2021There 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.
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 05 January 2021
ayusmita
(Tax consultant)
(5885 Points)
Replied 05 January 2021
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