If there is a loss during the year & I don't want to carry forward the loss to negotiate against profits in coming years, can one ignore "CAPITAL GAINS" topic in the ITR without giving any details / can file ITR 2 instead of ITR 4?
1 Answers
I would still advise you to declare the loss in income tax return.
Unless its a business loss, you can show same in ITR-2 and there is no need to file using ITR-4.
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