Losses from futures and options

How to show losses from futures and options in ITR-3 and is Tax audit applicable for carryforward of losses?

Thanks in advance
Replies (3)
Quick Summary
This discussion clarifies how to report losses from futures and options trading within your ITR-3 tax return. It also addresses the crucial question of whether a tax audit is necessary when carrying forward these F&O losses. The applicability of a tax audit is determined by your trading turnover.

Yes Tax audit is applicable
Under which head in bp we can show fno transactions
Tax audit is depends on your turnover

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