Please Help me!
I have made a F&O losses of 14 lakhs for which my turnover is 91 lakhs. Also i have made a profit of 50000 in short term equity trading. I am a salaried person - my total salary for the year is 8 lakhs. And also i have made a profit of 1.5 lakh from sale of a property. Should i need to report the losses in my ITR? If i dont report it, will i be getting any notices? Please guide. Urgent!!
Thanks in Advance.
" Should i need to report the losses in my ITR?"
Undoubtedly.......
"If i dont report it, will i be getting any notices?"
Certainly.....
Can you pls tell why is it mandatory? I dont want to carry forward and claim the losses.
Can i reduce my losses and report?
O P Bagla & Co LLP
New Delhi
CA Inter
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CAclubindia
