income tax
Gajender Singh (Accounatant ) (39 Points)
29 March 2019having 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.
Gajender Singh (Accounatant ) (39 Points)
29 March 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 29 March 2019
File ITR3 (equivalent for AY 2019-20).
Yes you can carry forward business losses for next 8/4 years depending upon non/speculative trading.
Sahil Jain (FAFD, DISA, CA)
(Practicing Chartered Accountant )
(2476 Points)
Replied 29 March 2019