Need help to file itr

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 July 2013 Hellow sir my friend is salaried person and his current years salary income is above five lacks. From his salary he has purchased shares and also invested certain amount in mutual fund during last two years but not shown in ITR. During this year he has sold shares and mutual fund he suffered loss in it. Whether loss suffered is necessory to show in ITR? Then which ITR he has to file? Can he file ITR 1 today? Can he revise after due date? and file another ITR? Or Can he file return after due date.....

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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27 July 2013 For claiming Short term or longterm capital loss need to file the return mentioning that loss. you need to file ITR-2

Suggested to file ITR-2 now itself, incase already filed the ITR-1 with in due date, you can revise the return with ITR-2