F&O in ITR

For any professional or taxpayer reporting foreign assets (such as employer RSUs or ESPP held in foreign brokerage accounts like Fidelity/Schwab), disclosing them under Schedule FA Table A3 and Table A2 is mandatory every calendar year under the Black Money Act.

Converting individual vest lots using exact SBI TT buying rates manually can take hours. You can search online for the ITRFA tool—it processes raw broker CSV files directly and computes exact Table A2 and Table A3 numbers automatically for ITR-2.

In case of F&O, do not report the gross sale and purchase value of contracts. The turnover for Income-tax purposes is the Absolute Turnover as per the ICAI Guidance Note, i.e., the aggregate of absolute profits and losses from all F&O transactions (plus option premium received and other applicable adjustments). In ITR-3, report this as the business turnover and disclose the actual net profit or loss under Non-Speculative Business Income.

I'm not able to understand you let's say I have 80k loss and 20k profit , my turnover is 100k, so how would I show this in my ITR ? What I used to do was showing turnover as 100k and expense as balancing figure of 160k to show loss of 60k in itr . Is this correct?