How to File ITR for Intraday and F&O Traders
🚀 "Traders Beware: Don’t Miss These ITR Filing Secrets for Intraday & F&O!" 📊💡
Filing your Income Tax Return (ITR) as an Intraday or Futures & Options (F&O) trader can be tricky — but with the right approach, you can stay compliant, save taxes, and avoid unwanted scrutiny.
🔎 Here’s what every trader & investor must know:
✅ Business Income Classification
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Income from Intraday trading is treated as speculative business income.
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F&O trading is treated as non-speculative business income.
✅ Books of Accounts & Audit
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If your turnover crosses ₹1 crore (or ₹10 crore with digital transactions), a tax audit is mandatory.
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Even if you have a loss, filing ITR is compulsory to carry forward those losses.
✅ ITR Form Selection
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Intraday & F&O traders usually need to file ITR-3 (Business & Profession)
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✅ Expenses You Can Claim
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Brokerage, internet, software, advisory fees, and even depreciation on laptops can be claimed as deductions.
✅ Advance Tax & Compliance
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Traders often miss paying advance tax on time, which leads to interest & penalties. Stay ahead of deadlines.
✨ Pro Tip: Maintaining a clean record of your trades, expenses, and using audit-friendly software helps reduce chances of scrutiny.
📌 Filing ITR as a trader is not just about tax saving — it’s about building credibility for future loans, investments, and financial growth.
👉 If you’re into Intraday, Options, or Futures trading, don’t wait for the last moment. Get your tax strategy right today.
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