Comment on Classifying Your Market Activity

Ram commented on 05 Oct 2016, 11:57 PM

Hi,

My friend got loss of 4 lakhs… Is it mandatory to show that loss. He thought it was not required to file ITR. He got scrutiny notice.
What he has to do now ? He traded intra day and so the buy and sell value was in crores but since he got loss he never thought that he had to show that loss in ITR. Please explain in detail about this situation so that many will understand…

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