FnO and Intraday trading are considered non-speculative and speculative business income respectively. Hence, they are required to be disclosed under the Income from Business & Profession head.
You can add FnO/ Intraday income on Quicko in 3 ways:
Using the Import feature
Our import feature allows you to directly import trades from the various brokers integrated with us and automatically calculate the tax liability.
When you import trades from the brokers listed with us, from Filing > INCOMES > CAPITAL GAINS, Quicko will automatically categorize your trades as either capital gains or business & profession based on the trading activity and hence calculate the tax liability as per the Income Tax regulations.
So, to view your FnO/Intraday trades navigate Filing > INCOMES > BUSINESS & PROFESSION
Note: Imported trades will be seen under the tag of 'Broker Name'
Uploading Quicko Template
You can import your FnO/Intraday trades from a broker not listed with us, using the Quicko template.
You can download the Quicko template by navigating to Filing > INCOMES > CAPITAL GAINS
Once you have mapped the trades including FnO/Intraday transactions onto the Quicko template and upload it, Quicko will automatically categorize your trades as either capital gains or business & profession based on the trading activity and hence calculate the tax liability as per the Income Tax regulations.
So, to view your FnO/Intraday trades navigate Filing > INCOMES > BUSINESS & PROFESSION
Note:
Imported trades will be seen under the tag of 'Other Trading Accout'Manually
Since FnO and Intraday are business incomes, you can also manually add the incomes under Filing > INCOMES > BUSINESS & PROFESSION
Here's how you can add Business & Profession Income on Quicko.
Remember, FnO income should be reported as "Non-Speculative" business income and Intraday income should be reported as "Speculative" business income.
Note:
Imported trades will be seen under the tag of 'Other Trading Accout'.