Comment on Taxation for Investors

B.Natarajan commented on 04 Aug 2016, 05:03 PM

Hi Nithin,

1. In FY 15, I made profits in F & O trading and shown its income as other sources and filed ITR2
2. In FY 16, I made losses in F & O trading (~ 3 lacs on a turnover of 30 lacs). Can I file ITR2 and avoid tax audit by CA.
3. If I do not intent to carry forward losses, can I file ITR1 or ITR2 without showing the above losses.

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