Hello,
I have short-term and long-term losses (no intraday, no F&O) from stock market in FY2018-19. Cumulative loss is 1.5 lakhs.
Is tax audit mandatory if I want to carry forward the losses?
Thanks in advance!
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Need for tax audit in case of capital gains losses
Replies (3)
No. Not over capital loss...
Sir,
Thank you for the reply.
Just wanted to add that I'm a salaried professional (7 LPA). Still I do not need to get the tax audit done to carry forward losses arising from short term and long term losses (no intraday, no F&O), right? Just wanted to be sure.
Regards.
no tax audit not required
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