Dear Experts,
My wife has a trading account and she is making losses in the F&O trades for last five years.Losses are 40000 approx per year.
and her total icome from other sources is Rs 1,40,000.00
Plz help me to identify the correct ITR.and also help me whether she need to file return at all or not ?
Thanks
https://trak.in/tags/business/2012/07/09/tax-return-filing-futures-options-fo-trades/
Do note that losses can be carried forward and can be off setted with profit in future, therefore do file return within limits of 139(1)
R P S K & Associates
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