non mention of commodity loss, Income Tax

[Srinivasulu Akula]

Good afternoon Sir/Madam,

I want to know about some penlty provisions under income tax act

" Non mention of commodity loss by Individual in Incometax return, is effect any penalties?

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

To the best of my knowledge there is no such required to be mentioned in the income tax return. Your query is not clear. Please elaborate your query.