28 June 2014
I have long term capital loss in equities, can I claim it as business loss along with Equities trading and F&O loss. Please suggest If I need to use ITR 4; can I do it for myself or should I contact any CA firm to do for me (Since the Turn over is less than 1 crore; No need of Audit). Please suggest.
However, the most important thing for F&O loss is the computation of turnover. As long as you are able get it right and that your profit is more than 8% of the turnover so computed or where the profit is less than 8% but the total income is less than Rs 2 lakhs, there is no need for audit.
CAclubindia
