it return

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Y SRINIVAS REDDY (Querist)
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25 June 2017 Dear friends, pls confirm..can I revise it return for 2015-16..what is procedure.....in revised returns I wanted to claim my f&o trading loss.. whether this f&o loss will be carried forward or not

Dibin Divyakumar

Dibin Divyakumar (Expert)
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25 June 2017 ya you can revise your return if filed within due date, f&o loss will be speculative business loss which can be carried forwarded and set off against speculative business gain within 8 yrs

Y SRINIVAS REDDY

Y SRINIVAS REDDY (Querist)
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25 June 2017 thanks, pls let me know procedure.

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Sunil Sharma

Sunil Sharma (Expert)
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25 June 2017 if the return is filed under 139 (1) yes you can but if filed under 139(4) then no you cannot. coming to other part Yes you can carry forward to 4 years with effect from Assessment Year 2006-07 (8 years up to assessment year 2005-06). Process; Fill the return as you did while doing your original return but this time mark it as revised return in the ITR then upload it via it e filing for the respective f.y but you can do so if filed your return under 139 (1).. mail me with your query if still not resolved to auditor.sunilsharma@gmail.com sunil sharma

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Y SRINIVAS REDDY

Y SRINIVAS REDDY (Querist)
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25 June 2017 thank u Sir.

Studentsca

Studentsca (Expert)
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25 June 2017 For filing revise return 1. Fill the form same as earlier along with new information you would like to add select revise return instead of original return and provide acknowledge number of the original return.