banner_ad

How to Show F&O Loss

Others 463 views 6 replies
User Avatar

18 Points Posted on 29 July 2022
How to show F&O loss in ITR

F&O tournover 10 lacs

F&O loss 5 Lacs

Please guide
0 Reply Share Follow
On 29 July 2022 at 21:28 Report
Replies (6)
User Avatar

CA
10436 Points Posted on 29 July 2022
I can help you out with this. I have filed many returns having same case. In market many people have misguided opinions regarding this. Check your inbox.
1 Reply
On 29 July 2022 at 22:40
User Avatar

Chartered Accountant
121 Points Posted on 29 July 2022
F&O loss would be treated as business loss. further tax audit would be applicable as there is a loss or profit less than 6% of turnover.
1 Reply
On 29 July 2022 at 23:29
User Avatar

CA
10436 Points Posted on 29 July 2022
Tax audit will not be applicable.
1 Reply
On 29 July 2022 at 23:31
User Avatar

CFO- at NHTF
58280 Points Posted on 30 July 2022
Loss should be audited but practically people declare 6% as profit on turnover and file ITR without tax audit under 44AD
1 Reply
On 30 July 2022 at 04:34
User Avatar

CA
10436 Points Posted on 30 July 2022
Neither 44AD with 6% profit is required nor audit. We can show losses and can carry forward them.
1 Reply
On 30 July 2022 at 08:23
User Avatar

2 Points Posted on 30 July 2022
As per this tool, Tax audit applicable if there is a loss
https://tools.quicko.com/determine-tax-audit
Reply
On 30 July 2022 at 21:07


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details