Intraday loss & FNO loss - small amount

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Hello everyone:

Please guide on this query.

Intraday Loss is just Rs.800 (sale 155000, purchae 155800) very small amount.

FnO loss is just Rs.2500 (Sale 15000, purchase 17500) this too very small amount.

Since amount is very small, can we avoid filing ITR3, or is it necessary to submit P/L and Balance sheet figures and file ITR3.

Can I show this somewhere in ITR2, because figures of Sale/purchase & loss is very small amount.

Or can I skip these loss figures & file ITR2.

please guide which form to fill ITR3 or ITR2.

Thanks in advance.

 

Replies (1)

Since you have had business income( fro trading), you are likely required to file ITR-3, which is for individuals and HUFs having income from business or profession.

You can not skip reporting these losses or shift them to ITR-2 because:

Trading income is considered business income. Losses need to be reported in the Profit & Loss statment and Balance sheet as part of ITR-3 filing.


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