Audit requirement for f & o loss

Sudhanshu (Service) (21 Points)

27 August 2019  

Dear all,

Please help me in selection of proper ITR form and applicability of Audit.

I have Future turnover or Rs. 3,51,000 and loss of 1,20,000 for AY 2019-2020. There are six future trades for one scriptt. Other incomes are STCG 7000 and FD interest  is approx. 5,000.

  1. Which ITR form shall I file ?
  2. Is Audit required ?
  3. If I don't require to  carry forward F&O loss,  is it possible ? in this case which ITR form to be filed ?

Thanks in advance. With best regards, 

 

Sudhanshu