Comment on Updates - June 2015

Nithin Kamath commented on 26 Jun 2015, 02:35 PM

Sonia, you will have to use ITR4 and show the F&O loss under business income. The advantage is that you can carry forward this loss to future. Like you already know, no need to have this audited.
If you fill only ITR1 and not show this F&O income, you will be unnecessary taking a chance if any scrutiny happens. Best to declare this.

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