Raj Sekhar Pati (11 Points)
25 August 2018I HAVE LOSS IN TRADING IN SHARE MARKET (F&O TRADING). MY LOSS AMOUNT IS Rs, 287,450.00 . have i require to audit my return . i am a salaried employee. i have no other business. and please tell me how to show the net loss in trading in share market in the New itr3 form ?
Manoj kumar
(FCA)
(44 Points)
Replied 25 August 2018
the loss in f & O of shares will be shown as business loss and it can not be set off against salary income.
you should disclose this loss in your return and in your future gain in next year can be set off against this loss.
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