Comment on Tax loss harvesting

Nithin Kamath commented on 08 Aug 2015, 10:13 AM

If your income is in the zero tax slab (note it is 2.5lks now), then yes you can give 15G form, there is no issue. 15G form has not relation with F&O trading.
Since your total income is below Rs 2.5lks, there is no need for you to file returns, but it is good practice to do so. Might help you if taking any loans tomorrow.
IT department can ask you, but you can clarify. You aren’t violating any rules, but like I said earlier it is best file ITR.

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