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.
3 Replies
M BABU
(203 Points)
Replied 20 November 2020
Disclosing f & o is good, otherwise IT dept will get information of your trading , then IT DEPT will send notice to u
Nikhil Kaushik
(Fellow CA)
(86549 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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