Menu
undisclosed loss
If I don't disclose loss in equity market will there be any problem
Replies (7)
The transactions are to be declared...... no question of carry forward of loss now. (unless audit report filed)
No sir if I don't want to carry forward loss so I not declared will there be any issues
SIR
YOU HAVE TO DISCLOSE IT SIR.INCOME TAX MAY GET YOUR SHARE TRADING INFO THROUGH AIR.SO IN FUTURE YOU MAY RECEIVE NOTICE.BEFORE THAT REVISE YOUR RETURN(IF NOT YET PROCESSED)
SIR
YOU HAVE TO DISCLOSE IT SIR.INCOME TAX MAY GET YOUR SHARE TRADING INFO THROUGH AIR.SO IN FUTURE YOU MAY RECEIVE NOTICE.BEFORE THAT REVISE YOUR RETURN(IF NOT YET PROCESSED)
Notice regarding what loss?
loss in equity market.
But loss is not taxable than why notice
Recent Threads
- INTRADAY INCOME PRESUMPTIVE INCOME
- Clarification on Deemed Export Status for EOU-to-E
- LTCG Tax on property
- Short term gain in itr2, missing 111A
- Errors in ITR Filing: Minimum One Character Requir
- Which ITR Opt
- Employer Details for NRI
- Section 194C or 194J apply in survey fee to determ
- Accidental Switch to New Regime using Form 10-IEA
- Should I file Revised Return U/S 139 (5)?
Related Threads
CAclubindia
