In AY 2021-22, I traded in index derivatives and made profits till September 2020 so paid advance tax of 20000 but then from October till March 2021, I incurred losses and the AY 2021-22 ended in net losses for me. My total income from all sources( mostly rent) for AY 2021-22 is around 1.8 Lakh and losses from F&O trading is 1 lakh. So my queries are- Was I eligible to get refund of the advance tax? If yes then as I failed to file ITR within due date, will I get the refund if I file ITR before this 31st March?
CAclubindia
