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Is it important to show Losses from Intraday F&O and mutual fund sell and purchase ?

This query is : Resolved 

02 July 2023 my total tax liability is 0 after 80c deductions

02 July 2023 Advisable to declare the losses by filing ITR 3, otherwise query from ITD may be raised.

02 July 2023 should i File
ITR 3 then as i am salaried person but have loss <10k


02 July 2023 No problem. Declare business loss under head PGBP. It may get adjusted against any other income like IFOS.

04 July 2023 Okay so with your suggestion I can declare my trading loss in ITR 1 right and it should be okay? and in the same way i got loss of 500 on selling of mutual fund of capital 3000. should i include that as well in that ITR 1 under IFOS loss

04 July 2023 I am little confused . should i go with ITR 1 . I wont have any problem in getting return?

04 July 2023 You cannot declare the shares & MF transactions in ITR 1. You need to file ITR 3.

08 July 2023 my intraday turnover is
intraday
turnover three hundred
net profit -one eighty
options
total turnover 18k + 1.7 lakh(sell value)
profit one thirty rupees
expense 6.5k
net profit -6.4k


do you think i should file itr 3? can i skip itr 3 and fill itr 1 as i am salaried employee?


08 July 2023 and theere is transaction of mutual fund of 2.5k but not of trading in AIS

08 July 2023 In such case you may file ITR 2 with capital Gain of MF under Capital Gain, and the shares transaction may be declared under IFOS, without claiming any expenses.

08 July 2023 can i declare mutual fund loss and trading loss in ITR 1 with IFOS?

08 July 2023 No. Under head IFOS losses are not acceptable.




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