loss on forex trading

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

asked Aug 11 '11 at 12:31 by Supraja81 1681113

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.

answered Aug 11 '11 at 23:29 by Pankaj Batra 5.2k320


Know someone who can answer? Share a link to this question via Email, Twitter, or Facebook

Your answer
toggle preview

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

  • *italic* or __italic__
  • **bold** or __bold__
  • link:[text](http://url.com/ "title")
  • image?![alt text](/path/img.jpg "title")
  • numbered list: 1. Foo 2. Bar
  • to add a line break simply add two spaces to where you would like the new line to be.
  • basic HTML tags are also supported



Asked: Aug 11 '11 at 12:31

Seen: 1,242 times

Last updated: Aug 11 '11 at 23:29