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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
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