loss on forex trading

Supraja81 16
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Hi Sir, We got some loss while doing forex trading during this april 2011. Can I show same in the ITR filling in the coming year. How to show same thing in that? How to show proof of same? which ITR form i need to file? Till now i was filing ITR1 as a salaried employee.

Regards, Supraja

trading-loss forex-trading itr4 carry-forward income-tax-return income-tax
1 Answers

if trading has been done on a recognized stock exchange, this should be covered under business loss and you will have to file ITR-4 to carry forward same.

Pankaj Batra5212
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