Income from F&O Trading

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46 Points Posted on 12 June 2021

I have income from F&O Trading. How I show this in my return and which ITR I use for this ?

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On 12 June 2021 at 10:51 Report
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Quick Summary
If you have income from Futures & Options (F&O) trading, you'll need to file ITR 3. This income should be declared under the 'Business or Profession' head, whether it's a gain or a loss. It's important to check if an audit is required for your specific situation, especially if you maintain books of accounts like a Profit & Loss statement and Balance Sheet.

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Chartered Accountant
24588 Points Posted on 13 June 2021
Whether it is loss or gain?? You have to file ITR 3
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On 13 June 2021 at 06:09
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Learner
2398 Points Posted on 13 June 2021
You have to show under business or profession and you have to file ITR 3.
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On 13 June 2021 at 08:35
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tax consultant
3306 Points Posted on 13 June 2021
Check applicability of audit.
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On 13 June 2021 at 09:44
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Nil
79 Points Posted on 13 June 2021
Originally posted by : Manmohan Pant
I have income from F&O Trading. How I show this in my return and which ITR I use for this ?

Have you maintained books of accounts like PnL and Balance Sheet?

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On 13 June 2021 at 20:51
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46 Points Posted on 16 June 2021
No audit required
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On 16 June 2021 at 14:47

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