my question is:
last year (FY17-18) was away from markets . so should I file ITR 1 for FY 17-18 ?
( & ITR3 next year (FY18-19 (as I’m back in market & carry forward speculative intraday loss in that year )
Additional details : ( filed ITR 3 for FY 16-17 as income was from F & O & STCG
& carried forward loss from intra day / speculative loss of my single first trade
THANKS for all help i received during my last filing
It is best to continue filing ITR3 for 17/18 and then 18/19. It is best avoided to keep changing the ITR forms.
thanks nithin sir .
& i should show profit as zero ( as no trades/business income last year ) and continue with previous year’s balance sheet ???
that was so quick nithin sir
nithin sir one more confusion
can i also show balance sheet figure to zero ? ( as no trade )
You should fill balance sheet details as per your details like bank balance , cash balance , broker bank balance …
so I have to include my personal balance in bank ( as none of it came from trading in market)??
Since carry forward of losses involved , you can file ITR 3 as rightly said by Mr Nithin. Prepare your own balance sheet or get help from professional if required. You will save some money later.
thanks … I missed edited answer
issue resolved thank u