Business & Profession
How to Declare Capital Gains as Business Income
If you trade stocks frequently whether delivery-based or intraday in large volumes, and it’s your main source of income, you can choose to report these gains as business income in your Income Tax Return (ITR). Web Mobile Web Steps to Report Capital ...
How to Report Expenses related to Trading?
When you connect an app under Business & Profession, your trading expenses such as brokerage, STT, GST, and more are fetched automatically. Here’s where to find them and how to add additional expenses if needed. Web Mobile Web Where Trading Expenses ...
Import B&P Income from Excel Template
If you’re actively trading in Intraday and Futures & Options (F&O) but your broker isn't integrated with our platform — no worries! You can still report your trades using our structured Excel Template. This allows you to maintain accuracy in your tax ...
Claim Depreciation on Fixed Assets
Claiming depreciation allows businesses to reduce their taxable income by accounting for the gradual reduction in value of fixed assets over time due to wear and tear or obsolescence. Why Claim Depreciation? Depreciation is a non-cash expense that ...
Add Direct and Indirect Expenses for Business
Adding business expenses accurately is essential for reducing your taxable income and ensuring correct profit reporting under the Income from Business & Profession head. What are Direct and Indirect Expenses? Direct Expenses These are costs directly ...
Import Trades & Report Business Income using Investment Apps
If you're trading in Intraday or Futures & Options (F&O), it's important to know that these are treated as business income under the Income Tax Act and must be reported under the Business & Profession (B&P) category. ⚠️ Since Intraday and F&O are ...
Fill your Business Balance Sheet
Providing details of your business assets and liabilities is mandatory when filing your Income Tax Returns. Web Mobile Web Steps to Add Sole Proprietorship Income Go to File > Business & Profession > Add Business Select the appropriate Nature of ...
Report Presumptive Business Income
If you're a small business owner or professional, the Presumptive Taxation Scheme offers a simplified way to file your taxes. It allows you to declare income as a fixed percentage of your turnover or gross receipts, eliminating the need to maintain ...
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 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 ...
Popular Articles
Upload Files
Uploading files before your booking helps your pro prepare better and saves time during the session. Things to Keep in Mind Document Checklist: Some bookings will have a checklist under the Files tab. These are documents you’re expected to upload ...
How to E-Verify after 30 days?
E-verification of ITR is to be done within 30 days of filing an ITR. Missing this deadline can make your ITR invalid. However, if you missed e-verifying due to a genuine reason, the ITD allows you to submit a request for condonation to complete the ...
Pay Advance Tax
If your total tax liability for a financial year is ₹10,000 or more, you must pay advance tax in instalments. Paying it on time helps you avoid penalties and interest charges. Paying Advance Tax Web Mobile Web Paying Advance Tax Navigate to the Pay ...
Understanding Tax Computation Report
A tax computation report is a summary of your tax return. It is divided into four main sections: Personal details - Name, PAN, email, etc. Income tax return details - Return type, regime, filing date, acknowledgment number. Tax computation summary - ...
Bug Bounty Program
We’re committed to protecting our community. If you are a security researcher or expert and believe you’ve identified security-related issues with Quicko's website, mobiel apps or APIs, we would appreciate you disclosing it to us responsibly. Our ...