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.
Need Help?
Raise a ticket to get in touch with us.
Related Articles
Add Dividend Income
Companies distribute dividends to their shareholders as a share of their profits. The amount received depends on the number of shares held by the investor. For tax purposes, dividend income is classified under the head "Income from Other Sources." ...Add Royalty Income
Royalty income refers to the earnings received when someone pays you for the right to use your intellectual property—such as a patent, copyright, or natural resource. For instance, when authors allow publishers to sell their books, they receive a ...Add Salary Income
For most taxpayers in India, salary is the primary source of income. It comprises various components such as basic pay, allowances, bonuses, and more—all of which need to be accurately reported while filing your tax return. Understanding these ...Add Income from Sole Proprietorship Business
A sole proprietorship is one of the simplest and most common forms of business. In this structure, the business and the owner are treated as a single entity for tax purposes. If you're earning income through a sole proprietorship, here's how you can ...Add Salary Income without Form 16
Form 16 is a document issued by your employer that helps you report your salary in the tax return. However, you may not receive Form 16 for the following reasons Salary income is below the taxable limit and no TDS has been deducted Your employer is ...