EASYOFFICE

F & o transactions

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
02 July 2013 Hello!

I have income from other sources. Also, I have losses from F&O transactions of around Rs. 17000/-. I need to file ITR-4 but its utility (as downloaded from department's site) is not accepting negative figures. Please help.

Further, I came to know that for claiming F&O losses, one needs to have his accounts audited irrespective of the amount of loss. Is it the case?

Please clarify.
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
28 August 2013 F&O transaction covered under sec.44AD. need to audit the books of account for claiming loss
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
28 August 2013 Along with audit report need to file the ITR-4S
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
28 August 2013 Along with audit report need to file the ITR-4S

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links