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GroovyBiscuit
GroovyBiscuit
20mo
by
Oracle

Has anyone carried forward the F&O losses?

My F&O turnover is around 4.5 lakhs and has a net loss of around 1 lakhs. I want to carry forward my losses. Do i need an audit from a CA for it?

Need help, filing ITR for the first time.

20mo ago
CosmicPotato
CosmicPotato
Stealth
20mo

Tax audit is not required, because turnover limit is 10 cr applicable to you.

GroovyBiscuit
GroovyBiscuit
Oracle
20mo

Can I carry forward the loss without tax audit and then can set off with the profit in the near future?

CosmicPotato
CosmicPotato
Stealth
20mo

Ofcourse yes, you can carry forward it for 8 years.

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