banner_ad

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

Tax queries 327 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.

 

 

Replies (1)
Not required


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details