ITR form for salary and F&O trading

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Hi Experts,

1)I have salary income of 4.5 Lac and F&O/equity loss of 3 lac in last year..which form should I fill for ITR
2)should I get it audited from CA
Replies (5)
no.
file itr3
what if I didn't show f &o loss?

If you do not show this loss in itr you can not carry forward this loss for subsequent assesment year for set off from income from future and option of future years

if I dont want to carry my losses then it will Create any issue on scn
Originally posted by : Aanand Jadhav
if I dont want to carry my losses then it will Create any issue on scn

The option will reside with the assessing officer whether the department wants to know reason why taxpayer has booked losses but not wished to declare those in ITR and reasons for not declaring losses.


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