Loss carry forward

I had done trading in F&O last FY and had some losses. I am carrying forward that loss.

This FY year I had just done investing but not trading. Can I file ITR-I this year and still carry forward the loss?

Hi @abhy3,

Yes, you can file ITR 1. When you wish to set off the loss against future gains, you can bring it forward when filing the ITR for that financial year.

Just a keep in mind: F&O is treated as a non-speculative business income and can be carried forward to 8 years.