Comment on Classifying Your Market Activity

KARTHIK commented on 14 Aug 2015, 03:40 PM

HI NITHIN,
> I AM A SALARIED EMPLOYEE. MY SALARY IS RS. 4,50,000.
> I HAD TAKEN A PERSONNEL LOAN OF RS. 5,00,000 LAST YEAR.
> I AM DEFINITELY A TRADER NOT AN INVESTOR, AS I ONLY TRADE IN F&O.
> I LOST THE AMOUNT DUE TO MY LACK OF KNOWLEDGE IN TRADING. BUT, I DID MAKE PROFITS FEW TIMES WHICH I NEVER MOVED OUT OF MY TRADING ACCOUNT AND BY THE END OF THE YEAR I HAD LOST THE ENTIRE AMOUNT.
> THIS HAPPENED LAST YEAR AND I HAD NOT FILED MY RETURNS LAST YEAR. AND I HAVE LOST SOME MONEY THIS YEAR AS WELL.
> NET IN 2 YEARS MY LOSS WOULD BE MORE THAN RS. 6,00,000/-
> CAN I DECLARE THE LOSSES OF PREVIOUS YEAR THIS YEAR??
> WHAT ARE THE DOCUMENTS THAT I NEED TO PROVIDE FOR FILING THE RETURNS?? AND WHERE CAN I ACCESS THEM?? ((IS IT AVAILABLE IN A SINGLE DOCUMENT AS IN A CONSOLIDATED ANNUAL REPORT OF MY LOSSES AND PROFITS OR SOMETHING SIMILAR))
> WILL I BE ABLE TO CARRY FORWARD THE LOSSES OF MY PREVIOUS YEAR TOO IF I DECLARE FOR BOTH THE YEARS??
>>>>>> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>><<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<>>>>> BEEN TRADING FOR QUITE A LONG TIME, AND ZERODHA IS SIMPLY AWESOME <<<<>>>>> THANKS A TONNE FOR THE VALUABLE INFORMATION THAT YOU’VE BEEN SHARING EVERYWHERE <<<<<

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