If I don't want to carry forward my losses and my taxable income is less than 2.5 lakhs, can I ignore the F&O trading loss from being reported. This will decide which ITR to use.
Vijayaraghavan R (Employee) (63 Points)
20 November 2020If I don't want to carry forward my losses and my taxable income is less than 2.5 lakhs, can I ignore the F&O trading loss from being reported. This will decide which ITR to use.
M BABU
(203 Points)
Replied 20 November 2020
Nikhil Kaushik
(Fellow CA)
(85085 Points)
Replied 22 November 2020
depends on your F&O turnover. If the turnover is above 1cr, then you pretty much got to disclose everything.
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