Pls help on intraday loss ITR question


@Bhuvanesh My mother traded only in equity. She also did intraday for business turnover 1 lac and made loss of Rs 4000.

Can she ignore this loss and only file stcl and ltcl under itr2 capital gauns. Short term loss and long term loss.

For such a meagre intraday we dont want a tax audit or itr3 . We are ok to forgo the loss without carry forward.

She is already taxable in her pension income

Plesse guide


No need to show these things, tell her ca to file normal return with only pension

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You should file the return as per the trading you have done and declare the true return. You have loss in intraday and audit is required only if you want to carry over and income is above taxable limit. As amount is very less you can forgo the loss.

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Please note that tax audit is required only if you want to claim and carry forward the loss. In case of few transactions and a negligible loss, you can always avoid the hassle of maintaining books of accounts and tax audit.

You can simply go ahead and file tax return with pension income and any other taxable income.

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