Income tax

Not capital gain, but can be declared under head 'IFOS'... so, no need for BS & P&L acc

IFOS MEANS   WHICH INCOME TAX FORM

IFOS....... means Income From Other Sources.......

ITR1 or ITR2 depending upon applicability...

BUT IF SUPPOSE TRADE LOSS OTHER SOURCE NOT  CAPATURE   (CAN SETT OFF OUTER SORCE INCOME ]  INTEREST & OTHER INCOME ??

Originally posted by : MAYUR
	BUT IF SUPPOSE TRADE LOSS OTHER SOURCE NOT  CAPATURE   (CAN SETT OFF OUTER SORCE INCOME ]  INTEREST & OTHER INCOME ??

SIR REPLAY  BEACUSE OTHER SOURCES NEGATIVE AMOUNT NOT ACCPATED 

Yes, Its only if you had any positive gain.......

For loss you are required to file ITR3 with BS & P%L acc, provided you wish to carry forward the loss. Or else you may not claim any loss & file ITR2.