Loss from speculative income tax not declared for 2017-18
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 June 2018
I have filed IT return online for my salary income for FY 2017-18, but did not declared speculative loss from intra day trading so far. What to do now? pl suggest, thanks.
10 June 2018
ideally you should disclose. But this would involve filing ITR-3 and since you have salary income, also involve getting the books audited.
11 June 2018
If disclosed you will be eligible to carry forward the loss against next years profits if any (Hopefully), For that you need to file revise return with tax audit.
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