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Should I file my tiny F&O loss? Both Loss and Turnover are < 2000

Tax queries 331 views 1 replies

I for the sake of experimenting did a couple of trades in F&O and exited. Both the turnover & the loss was less than 2000 only. I really don't want to file ITR3 and treat this as business income/loss. Neither do I want to claim/adjust this 2000 loss anywhere.

This article (https://cleartax.in/s/fo-trader-return-filing) says it need not be reported as business income/loss if it is just a couple of trades. 

Also If I had to file ITR 3 then what should I declare as assets & liabilities? I am an individual and don't run any business.

Please advise.

 

 

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