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Loss on F&O and Intraday equity

16 July 2022

Sir,
Is it mandatory to declare loss on F&O and Intraday equity in ITR3?

Can I declare the loss in future period when I earn profit? pls guide

Thankyou

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3 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177961 Points)
Replied 16 July 2022

For set off the current losses, you need to declare the losses in current ITR and need to carry forward. (provided not set off against any other income)

You cannot declare current year losses in any future year.

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DEEPAK KADAM (61 Points)
Replied 16 July 2022

Thankyou Sir for the prompt response. One query. Under business head the negative values of loss incurred on f&o are not accepted by system. so under which field the loss can be declared. pls help