ITR 2019-20 filling

Hi Team ,

I am new to Zerodha trading platform. I started trading from May-2020 . Couple of thing i need to check:

  1. do i need to submit ITR for 2019-2020 ? I suppose i need to fill for FY-2020-2021 .Please clarify?
  2. If i need to fill the ITR then need suggestion i have traded in equity and intraday FnO then which ITR need to filed.
  3. I have faced losses during the trading so am i eligible for tax exemption ?

Please clarify?


Here is the response to your following queries:

  1. If you have started trading from May-20, you do not need to file your trades from Zerodha for your return for FY 19-20. Trades from May-20 should be included in the return for FY 20-21.

  2. If you have traded in equity, intraday and FnO, you need to file ITR3.

  3. Learn more about how losses are set off and carried forward from trading in this article.