Please guide me on which ITR to file for AY 2021-22 (FY 2020-21) in the following scenario:
Status of the tax payer: Resident, Individual with income from salary, Business and profession(futures trading)
ITR-3 was filed and books of accounts was prepared. Incurred loss from business and STCG/LTCG losses. The same were carried forward.
ITR-3 was filed and books of accounts was prepared. Brought forward Loss from business and STCG/LTCG losses were carried forward.
Due to COVID 19 restrictions ITR-1 was filed.
Gross Total Income > 50Lakhs (from salary)
STCG ~ 25K
LTC Loss ~ 2K
Loss from F&O trading ~ 12K
a. What is the state of the carried forward losses since ITR 1 was filed in FY 2019-20?
b. Which ITR needs to be filed in FY 2020-21?