F&O profit or losses shown ITR 24-25
This query is : Resolved
Quick Summary
11 June 2025
Sir/Madam
Van we show of total profit or loss from F&O as business income in tax computation??
Loss from them can be C/f in 8 sfy??
Please guide me.
Van we show of total profit or loss from F&O as business income in tax computation??
Loss from them can be C/f in 8 sfy??
Please guide me.
Dhirajlal Rambhia
(Expert)
11 June 2025
In the ITR-3 form:
Go to Part A – P&L (Profit and Loss Account):
Fill in gross receipts (turnover)
Expenses (brokerage, internet, subscriptions, etc.)
Net profit/loss
In Balance Sheet section:
You can give actual or estimated figures if books are not maintained.
In Schedule BP (Business Profession):
Declare income from F&O under “No accounts case” or “maintaining books” depending on your situation.
F&O losses can be set off against any other business income (but not salary).
Unabsorbed losses can be carried forward for 8 years if declared on time.
Go to Part A – P&L (Profit and Loss Account):
Fill in gross receipts (turnover)
Expenses (brokerage, internet, subscriptions, etc.)
Net profit/loss
In Balance Sheet section:
You can give actual or estimated figures if books are not maintained.
In Schedule BP (Business Profession):
Declare income from F&O under “No accounts case” or “maintaining books” depending on your situation.
F&O losses can be set off against any other business income (but not salary).
Unabsorbed losses can be carried forward for 8 years if declared on time.
11 June 2025
How to calculate total turnover??
Total sales receipt are turn over?
Total sales receipt are turn over?
Dhirajlal Rambhia
(Expert)
11 June 2025
https://www.angelone.in/knowledge-center/futures-and-options/how-to-calculate-f-and-o-turnover
10 September 2025
F&O loss from Indian stock scripts are shown as business income??
This loss can e setoff from capital gain??
This loss can e setoff from capital gain??
10 September 2025
And one more things
P& L and balance sheet figures atr required to be shown in ITR?
P& L and balance sheet figures atr required to be shown in ITR?
Dhirajlal Rambhia
(Expert)
10 September 2025
1. Yes.
2. No.
1. Yes, for losses, books are required to be maintain.
2. No.
1. Yes, for losses, books are required to be maintain.
10 September 2025
In balance sheet personal invesmts, personal loan, capital assets must be required to shown ?? Or only balance sheet for business to be prepared?
Dhirajlal Rambhia
(Expert)
10 September 2025
Only for business details will be OK.
Dhirajlal Rambhia
(Expert)
16 September 2025
Good Luck..
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