If any salaried employee also earning from trading then which itr is required and if he has loss in trading then how can i show
Is there audit required if he will show loss from trading
4 Replies
Sai Prasad
(43 Points)
Replied 30 July 2019
firstly trading loss (intraday is speculative loss)...
no u can't file speculative loss in itr 2.. in itr 2 u will not get option of such
u have to file i itr 3 .. it is same as business only..
if already having an income more than basic exemption then tax audit compulsory ..
if not no audit required
that loss can be carry forward aganist speculative only for next 4 years
no u can't file speculative loss in itr 2.. in itr 2 u will not get option of such
u have to file i itr 3 .. it is same as business only..
if already having an income more than basic exemption then tax audit compulsory ..
if not no audit required
that loss can be carry forward aganist speculative only for next 4 years
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