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Capital Gain and Speculative Income

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I have loss from Speculative and capital loss from shares. I did not bifurcate total loss and filed ITR-2. I treat all the lose from capital gain and filed ITR-2. Ideally, I should file ITR-3 as major proportion of loss is from Speculative business.
Will my return be processed or come under scrutiny ? Also, If I receive notice then can I carry forward my loss in ITR-3 ?
Replies (5)
Revise your return and file ITR-3.
If it is processed then there would be no issue ?
Normally there shouldn't be any issue.

However even if there is any issue it is better to rectify it now rather than file wrong return and claim incorrect set off.
Actually I want to claim all the loss as capital gain because Now I am doing investments and it could be use to set off future capital gains.
F&O is not treated as Capital Gain/Loss in India as the life of contracts is very short. See if you can find something suitable for yourself in ICAI guidelines.


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