SECTION 44AD IN CASE OF FUTURE & OPTIONS TRADING


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This discussion clarifies that Section 44AD, the Presumptive Taxation Scheme, is indeed applicable to full-time traders dealing in Futures and Options. If you choose to declare your F&O income under this scheme, you can file your Income Tax Return (ITR) using ITR-3, treating your capital gains as presumptive business income.

(Querist)
01 June 2021 Is Section 44AD (Presumptive Taxation Scheme) applicable to full time traders involved in the trading of Futures & Options?

01 June 2021 Yes, it's applicable....

.

05 June 2021 file ITR-3 if you declare your F&O income as presumptive business with capital gains.


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