Expert Assisted Income Tax Filing Service Plan & Pricing for Futures & Options (FOs)), Intraday, Speculative, Derivatives, Capital Gains, Debentures Trading. Quick, Accurate, Easy, lowest pricing to complete in less than 48 hours through EZTax.in, Covering Process, Documents required, and other benefits along with pricing.
We cover trading platforms from various stock brokers / trading houses such as Zerodha, Upstox, Groww, ICICI Direct, ShareKhan, Reliance, Angel Broking, Motilal Oswal, India Infoline, Kotak Securities, Edelweiss, HDFC Securities, 5Paisa, CAMS etc.
Note: Turnover calculation is fairly complicated as it differ from Futures, Options, and intraday trading. In case of any clarification, send your documents to firstname.lastname@example.org to validate the Tax Audit requirement. Refer Tax Audit Rule
Send the below to email@example.com along with your contact info or upload them by choosing Assisted Tax Filing
The documents / information listed below are based the sources of income you have for a specific FY. Some of them are optional.
EZTax.in is an authorised ERI Type-2 integrated with IT Department, hence not all information required that you used to share with a typical tax consultant.
With Tax Audit from Rs. 9999/-
Head Automation & Dev Ops at Thomson Reuters
Bankok169 Restaurant Chain
Director-CR, ICFAI Business School
Anuradha Timbers International
A comprehensive list of frequently asked questions on Futures and Options IT Filing.
Futures and options are tools used by investors when trading in the stock market. A futures contract is an agreement between two parties to buy or sell an asset at a certain time in the future at a certain price. An options contract gives the buyer the right to buy the asset at a fixed price.
Intraday trading involves buying and selling of stocks within the same trading day. Here stocks are purchased, not with an intention to invest, but for the purpose of earning profits.
Yes, You need to file Income Tax returns if you have traded in F&O's or Intraday trading
4.1 Before FY 2020-21: Income from Futures & options is considered as normal business income and tax audit will be applicable if the turnover is more than Rs 1 crore
4.2 Update: Starting from FY 2020-21, the threshold limit, for a person carrying on business, is increased from Rs. 1 Crore to Rs. 5 Crores (for FY 2020-21) and Rs. 10 Crores (for FY 2021-22 onwards) in case when the cash receipt and the payment made during the year does not exceed 5% of the total receipt or payment, as the case may be. In other words, more than 95% of the business transactions should be done through banking channels (read as traceable electronic channels) to avoid tax audit.
4.3 Starting from FY 2020-21: Tax Audit is applicable in following cases. Assuming more than 95% of the business transactions are done through banking / digital (non-cash) channels.
4.4 About Books of Accounts
Books of accounts with respect to trading means your Profit and Loss Report, ledger Statements, Bank Statements etc, which you have access to in general.
Sep 30th 2023. Check for the latest date @ Tax Compliance Calendar