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How to Show F&O Loss

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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
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On 29 July 2022 at 21:28 Report
Replies (6)
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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
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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.
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On 29 July 2022 at 23:29
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CA
10436 Points Posted on 29 July 2022
Tax audit will not be applicable.
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On 29 July 2022 at 23:31
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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
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On 30 July 2022 at 04:34
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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
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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
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On 30 July 2022 at 21:07


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