About This Service
This is a high-complexity service for investors and traders. F&O (Futures & Options) is treated as Non-Speculative Business Income, meaning expenses like brokerage, internet, and advisory fees can be deducted. Capital Gains involves calculating the indexed cost of acquisition for property, stocks, or gold. For 2026, we focus on Loss Set-off and Carry Forward—ensuring that trading losses are documented today so they can reduce your tax liability for the next 8 years.
Eligibility & Criteria
- Limits: Mandatory if there are any Capital Gains or if F&O turnover is significant. Audit is required if F&O loss is declared and income exceeds basic exemption.
- Forms: ITR-2 (Capital Gains) or ITR-3 (F&O/Intraday).
- Penalty: Non-declaration of foreign stocks (e.g., US Stocks/ESOPs) can attract a penalty of ₹10 Lakh under the Black Money Act.
