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undisclosed loss

Vikash (G) (393 Points)

16 September 2018

If I don't disclose loss in equity market will there be any problem

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7 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177741 Points)
Replied 16 September 2018

The transactions are to be declared...... no question of carry forward of loss now. (unless audit report filed)

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Vikash (G) (393 Points)
Replied 16 September 2018

No sir if I don't want to carry forward loss so I not declared will there be any issues

siva andhavarapu (ca final) (388 Points)
Replied 16 September 2018

SIR

YOU HAVE TO DISCLOSE IT SIR.INCOME TAX MAY GET YOUR SHARE TRADING INFO THROUGH AIR.SO IN FUTURE YOU MAY RECEIVE NOTICE.BEFORE THAT REVISE YOUR RETURN(IF NOT YET PROCESSED)

siva andhavarapu (ca final) (388 Points)
Replied 16 September 2018

SIR

YOU HAVE TO DISCLOSE IT SIR.INCOME TAX MAY GET YOUR SHARE TRADING INFO THROUGH AIR.SO IN FUTURE YOU MAY RECEIVE NOTICE.BEFORE THAT REVISE YOUR RETURN(IF NOT YET PROCESSED)