Future and option related query

I have F&O loss of Rs14000/- and salary income of Rs 7 lakh at the time of filing ITR-3 i have received alert while uploading JSON file that u have ro refer the provision of tax audit otherwise it may possible that your return may be defective!!


So any solution for that or should i upload it as it is including that alert?
Replies (2)
Quick Summary
This discussion addresses a user's concern about a tax audit alert when filing ITR-3 with Futures & Options (F&O) losses. The alert suggests a potential for a defective return if the F&O losses aren't handled correctly. The advice provided is not to ignore the alert, as this could disallow the F&O losses. To claim these losses without a tax audit, it's crucial to accurately fill in balance sheet and trading details, including profit and loss statements that reflect the F&O activity.

Don't upload it as it is, as this will disallow your F&O losses. To file F&O losses without audit, you need to fill in your balance sheet and trading details. If you need any further help, then plz check your inbox.
I have filled up balance sheet and Profit and loss but in profit and loss i have declared only future and option loss and loss is carried forward to balance adjusted from capital and assets side i have shown cash bank and some fixed assets

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