SHORT TERM LOSS ON SALE OF SHARES AND LOSS IN FNO

This query is : Resolved

pjrao (Querist)
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04 August 2020 Dear Sir,
I have incurred short term loss of Rs 70000/= appx on buying and selling of shares and further incurred loss of Rs 25000/= appx on trading in FUTURES AND OPTIONS .
Can I show my short term capital loss of Rs70000/= and loss in FNO in FORM 2 for IT return for AY2020-21.
Since FORM 4 is applicable if FNO loss is > 1 cr.What to do with FNO LOSS ,please clarify

Thanks and regards,

P.J.RAO

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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04 August 2020 * Form ITR-2 cannot be used since F & O result comes under 'business loss'.

* Form ITR-3 may be used wherein share trading loss may be reported under 'STCG' and F & O result may be reported under PGBP'.