16 July 2014
I'am a salaried person and done equity trading in FY.2013-14. During this FY I have made short term gain (delivery) and speculative loss (intraday) which is more than short term gain. 1)To carry forward my speculative loss, should I file ITR4 or ITR4S. 2)Do I need to get tax audit in view of Sec.44AD. 3)Will the carry forwarded speculative loss be adjusted against the short term again in next year.
16 July 2014
But in ITR4S we cannot carry forward the loss and tax has to be paid on 8% of Turnover. My doubt is whether I fall in Sec.44AD or not, I want to carry forward my loss. Will ITR4S allows me carry forward my speculative loss for future years.
CAclubindia
