my yearly salary income is 8 and I am also doing trading in share market.
having loss 2.5 lacs in a year from stock trading.
I am confused which ITR I have to file and how much tax I have to pay.
can I show my losses in income tax return.
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income tax
Replies (2)
File ITR3 (equivalent for AY 2019-20).
Yes you can carry forward business losses for next 8/4 years depending upon non/speculative trading.
ITR-2 can be filed
and that is simpler compared to ITR-3
and that is simpler compared to ITR-3
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