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.
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Ignoring F&O trade
Replies (3)
Disclosing f & o is good, otherwise IT dept will get information of your trading , then IT DEPT will send notice to u
Yes
If you want, No restrictions
If you want, No restrictions
depends on your F&O turnover. If the turnover is above 1cr, then you pretty much got to disclose everything.
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