I have incurred a loss of Rs.4 lakhs in F&O trading.My turnover i.e Sum of credit & debits is Rs.20 Lakhs.Where should I show this (In which column of ITR-4) so that I can carry forward these losses.Am I liable for 44AD or Audit?
An assessee carrying on business claiming income to be lower than 8% has to get his books audited, so you would have to get your books audited. And since its ITR-4 its best to do this through a CA.
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I too need to fill ITR 4, please help, as my Ca also confused in filling details he ask me so many clarification, please indicate which colum and schedle of ITR4 to be used for filling F & o loss