F&O profit or losses shown ITR 24-25

This query is : Resolved

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?

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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