Submit via email (support@eztax.in) or EZTax portal. Having data organized speeds up our filing process.
F&O traders need precision. speculation vs. business income, expense allocation—get them wrong and you face scrutiny. EZTax handles the complexity so you focus on trading. Our experts know every broker's statement format and have filed 5000+ F&O returns.
Do I need ITR-3 or ITR-2 for F&O trading?
If you have Futures and Options (F&O Trading) or Intraday trading, you are required to file under ITR 3. ITR 2 is not applicable in this case. If your turnover exceeds Rs 10 crore, Audit is required to be filed with along with ITR3.
What is Section 43(5) in income tax?
Section 43(5) states that gains from speculation transactions (buy-sell same day or very short-term) are business income, not capital gains. This affects tax rates and loss carry-forward rules.
Can I claim trading-related losses?
Speculation losses can be carried forward for 4 years. Long-term capital losses / Short-term capital losses can be carried forward for 8 years.
How long does ITR-3 audit take?
We prepare ITR-3 and audit report within 3-4 days of receiving your documents. The Chartered Accountant's audit and signing typically takes 2-3 days, so total 5-7 days.
Is a Digital Signature Certificate (DSC) mandatory?
W.e.f AY 2024-25,DSC is not mandatory for the Tax Audits for Individuals. However DSC is mandatory for the Firms/LLP/ companies etc
What if I trade on multiple brokers?
No problem! We consolidate P&L from Zerodha, ICICI Direct, ShareKhan, Angel Broking, Motilal Oswal, HDFC Securities, Upstox, Groww and other brokers into one ITR.
Do you handle currency derivatives and forex?
Yes, we handle currency futures, forex options, and international derivatives with proper turnover classification and profit and loss computation