Income tax filing

This query is : Resolved

Ziya Ul Islam Siddiqui (Querist)
Follow

14 December 2015 Dear Sir , I am Ziyaul islam working in an advertising last 4 years.i have some saving in 2008 near 47000.00 which I bear loss in share trading.After that in nov.2013 I again started trading and bear loss in 2013-14 and 2014-15.i want to file itr .what need to do.my salary is 12000/month.i also have huge turnover in intraday trading in 2013-14 Finally I bear loss. please guide us sir.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

14 December 2015 For FY 2013-14 & FY 2014-15 you can file belated return u/s 139(4). File return on or before 31.03.2016. You can not carry forward any loss since you did not file return within due date.

Please Remember that when you have losses which you can carry forward always file return within due date. If belated return is filed you will not be able to carry forward your loss.