Comment on Business Line: Read Section 44AD when filing return
commented on
01 Aug 2013, 09:06 AM
Yes, you were wrong in using ITR2 when you have traded on f&O. You should have used ITR4 or ITR4S for this and you could have added all the expenses you incurred and also net off any income other than your salary income with this loss.
I’d advise you to rectify this. Also read this blog