Sir,
Is it mandatory to declare loss on F&O and Intraday equity in ITR3?
Can I declare the loss in future period when I earn profit? pls guide
Thankyou
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Loss on F&O and Intraday equity
Replies (3)
For set off the current losses, you need to declare the losses in current ITR and need to carry forward. (provided not set off against any other income)
You cannot declare current year losses in any future year.
Thankyou Sir for the prompt response. One query. Under business head the negative values of loss incurred on f&o are not accepted by system. so under which field the loss can be declared. pls help
The loss or gains are calculated by utility in ITR 3.
You need to fill turnover & purchase values.. Slightly tricky, but try...
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