F&O profit or losses shown ITR 24-25

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Keyur (Querist)
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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.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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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.

Keyur

Keyur (Querist)
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11 June 2025 How to calculate total turnover??

Total sales receipt are turn over?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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11 June 2025 https://www.angelone.in/knowledge-center/futures-and-options/how-to-calculate-f-and-o-turnover

Keyur

Keyur (Querist)
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10 September 2025 F&O loss from Indian stock scripts are shown as business income??

This loss can e setoff from capital gain??

Keyur

Keyur (Querist)
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10 September 2025 And one more things

P& L and balance sheet figures atr required to be shown in ITR?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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10 September 2025 1. Yes.
2. No.

1. Yes, for losses, books are required to be maintain.

Keyur

Keyur (Querist)
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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

Dhirajlal Rambhia (Expert)
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10 September 2025 Only for business details will be OK.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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16 September 2025 Good Luck..

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