ITR for option trading

is it mandatoy to file income from options trading??
is it fine if income from option trading not showed in ITR?
Replies (7)
Quick Summary
This discussion clarifies the mandatory nature of declaring income from option trading in your Income Tax Return (ITR). It highlights that SEBI shares trading data with the Income Tax Department, making it essential to report all option trading profits and losses. Failing to do so can lead to notices, case reopening under Section 147, or penalties, even if your return has been processed.

If it is shown in return it is better
What if its missed out by the assessee??
any consequences or penalty by the tax dept??
A.O may reopen your case u/s 147 or he may serve notice u/s 143
You have to show data of option trading in your ITR, since when you trade option trading ,all the data is transfer to Income tax department BY SEBI and if you don't show your income in ITR they will send you notice
It's better to show the details of all trading activities in itr others wise if department get to know you skip it then he will notice you and ask you to provide from demat account to all documents related to the trading from date of trading starting to till now with all scriptts wise details and with a reason why you don't filled return in offline mode
partical case done for one of my new client so saying better to show it
The question of good or bad that is to show or not to show is itself bad idea. All incomes should be shown in Return. You are at peril if you avoid any item .
What if the option trading profit or loss is not shown in itr and its processed by the dept and 143 notice is served without any further demand by the dept???
then also is there any obligation left from the assessee's side?

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details