Add Income from Intraday and F&O
Intraday and F&O income refers to earnings from trading in stock markets—specifically from intraday trading (buying and selling stocks within the same day) and Futures & Options (F&O) contracts. These are considered speculative (Intraday) or non-speculative (F&O) business activities for tax purposes.
Since these involve frequent trading and an intent to earn profits, income from Intraday and F&O is taxed under the head “Income from Business or Profession.” This requires maintaining books of accounts and reporting turnover, profits, and expenses accordingly.
Things to Keep in Mind:
If you're trading in Intraday or F&O, your Tax P&L Report from your broker will help you determine:
- Gross Revenue – Total sales value
- Cost of Securities Sold – Total purchase value + Direct expenses
- Turnover – Sum of absolute profit/loss from each trade
These details are essential for correct tax filing and for checking if a tax audit is applicable.
Steps to Add Intraday and F&O Income Manually
- Navigate to File > Business & Profession > Add Business, then click Trading Securities – Intraday and F&O
- Select Add Manually to enter the trading details.
- Enter F&O Details:
- Gross Revenue: Total sales value
- Cost of Securities Sold: Total buy value (purchases) + direct expenses
- Turnover: Sum of the absolute value of each trade under Additional Details
- Enter Intraday Details:
- Gross Revenue: Total sales value
- Cost of Securities Sold: Total buy value (purchases) + direct expenses
- Turnover: Sum of the absolute value of each trade under Additional Details
💡 Not trading in Intraday or F&O? Just enter 0 for Sales, Purchases, and Turnover.
Next Steps
If you're unsure how to proceed, these detailed guides will help you move forward:
- How to fill your business balance sheet – Learn how to accurately report your assets, liabilities, and capital.
- Add Securities Capital Gains Manually – Follow a step-by-step guide to report capital gains from shares, mutual funds, and other listed securities.
Steps to Add Intraday and F&O Income Manually
- Navigate to File > Business & Profession > Add Business, then click Trading Securities – Intraday and F&O
- Select Add Manually to enter the trading details.
- Enter F&O Details:
- Gross Revenue: Total sales value
- Cost of Securities Sold: Total buy value (purchases) + direct expenses
- Turnover: Sum of the absolute value of each trade under Additional Details
- Enter Intraday Details:
- Gross Revenue: Total sales value
- Cost of Securities Sold: Total buy value (purchases) + direct expenses
- Turnover: Sum of the absolute value of each trade under Additional Details
💡 Not trading in Intraday or F&O? Just enter 0 for Sales, Purchases, and Turnover.
Next Steps
If you're unsure how to proceed, these detailed guides will help you move forward:
- How to fill your business balance sheet – Learn how to accurately report your assets, liabilities, and capital.
- Add Securities Capital Gains Manually – Follow a step-by-step guide to report capital gains from shares, mutual funds, and other listed securities.
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