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Intraday trading is speculative business and F&O is non-speculative business income. Either one means you need ITR-3, even if you are mainly salaried.
ITR
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Intraday trading is speculative business and F&O is non-speculative business income. Either one means you need ITR-3, even if you are mainly salaried.
Rule 12, Income-tax Rules 1962 (now Rule 164, Income-tax Rules 2026); Sec 43(5), Income-tax Act 1961
Report salary as usual and trading in the business schedules. Losses from F&O can be carried forward only if the return is filed on time. Check turnover to see whether audit applies. Do not report F&O in ITR-2.
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