I 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 ?
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Income tax rules for loss in trade in share market
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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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