I'm salaried and had some loss in futures trading but did not mention it in itr. is it a problem for me?
Me too...
If loss is not huge and you can justify it with income source/cash flow, then don't worry.
Its funny though, why do people sitting over a loss of few lakhs of rupees
crib about paying 12/15-20 K to maintain proper accounts and get an audit done.
When doing so will give them a big benefit on taxes from future income also peace of mind.
Happy