Hello,
I have short-term and long-term losses (no intraday, no F&O) from stock market in FY2018-19. Cumulative loss is 1.5 lakhs.
Is tax audit mandatory if I want to carry forward the losses?
Thanks in advance!
Ashok (Engineer) (48 Points)
21 July 2019Hello,
I have short-term and long-term losses (no intraday, no F&O) from stock market in FY2018-19. Cumulative loss is 1.5 lakhs.
Is tax audit mandatory if I want to carry forward the losses?
Thanks in advance!
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(168934 Points)
Replied 21 July 2019
No. Not over capital loss...
Ashok
(Engineer)
(48 Points)
Replied 21 July 2019
Sir,
Thank you for the reply.
Just wanted to add that I'm a salaried professional (7 LPA). Still I do not need to get the tax audit done to carry forward losses arising from short term and long term losses (no intraday, no F&O), right? Just wanted to be sure.
Regards.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
