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Home > Income Tax > Service Plans > F&O, Intraday Trading, Debentures Tax Filing Service PlanLast Updated: Nov 30th 2023

Futures & Options (FOs) Trading Income Tax Audit Filing Plan & Pricing

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.

ServiceProcessDocumentsPricingClient Reviews

Service

  • Expert assisted Income tax filing for individuals with F&O, intraday trading, Share trading Income or Losses, and/or Sale of properties, along with single or multiple house properties, single or multiple Form-16s, and interest income.
  • Consultation in understanding the Expenses incurred during the trading activity
  • Inclusion of Salary, House Property, Rental Income, Capital Gains from Property, Equity Trading Income, Freelancing Income and other income.
  • Preparation of a consolidated Balance Sheet for Trading turnover below Rs. 1 Crore that do not require Audit
  • Trading turnover above Rs.1 Crore do require an Audit if income is more than the standard deduction *. (New Rule 10 Cr from FY 2021-22)
  • New Digital Signature Certificate (DSC) issued with a validity of 2 years in case a Tax Audit is needed (charged extra).
  • Expert support through Email, phone & chat during the business hours.


Note: Turnover calculation is fairly complicated as it differ from Futures, Options, and intraday trading. In case of any clarification, send your documents to support@eztax.in to validate the Tax Audit requirement. Refer Tax Audit Rule

Find whether you need a tax audit or not? using Tax Audit Calculator

Who should buy?

  • Individuals with F&O trading income or loss
  • Individuals with intraday trading

Process

  • Upon receiving the documents, our expert will call you before starting the process.
  • Expert team will exchange the information thru email and phone calls, if necessary.
  • Team will send you the Draft Computation Sheet for further review.
  • Once confirmed, team will e-File your Income Tax return, and send you the ITR-V acknowledgement.
  • Estimated Processing Time: 2 Days for non-audit tax filing, 2-4 days for audit cases. (estimate subject to your availability)

Documents to be Submitted

Send the below to support@eztax.in 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.

  • PAN Number and Date of Birth
  • e-mail ID & Mobile Number
  • Trading Tax P&L Statement(s)
  • All the Trading statements from 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: Preferred format is MS Excel).

    Check more @ How to download tax P&L statement from different brokers?

  • If it is a sale of a property or an asset, below details are required
    1. Sale Date, Sale Value, Purchase Date, Purchase Value, Fair Market Value (FMV) where applicable.
    2. Any cost of improvements
    3. Any reinvestments
  • Any other Income, Investments or Savings details
  • Form 26AS or Income Tax Login Credentials

Other Benefits

Every Service comes with the benefits such as

  • e-File & PDF Report
  • e-Verification Assistance
  • Post Service Follow up
Future & Options (FO) ITR
Rs.3499
Market Price  Rs.  6999 

With Tax Audit   from Rs. 9999/-

IT Filing for F&O, Derivative, intra-day, Speculative, Share trading Income or Loss, and/or Sale of properties, along with single or multiple house properties, single or multiple Form-16s, and interest income with Annual Turnover of Rs. 5Cr / 10Cr*. * Refer Tax Audit Rule
2nd broker onwards, charged extra @ 499 + GST / broker
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Futures and Options IT Filing FAQs

A comprehensive list of frequently asked questions on Futures and Options IT Filing.

1.What are Futures & Options?

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.

2.What is Intraday Trading?

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.

3.Do I need to file Income Tax Return if I have traded in Futures and Options or Intraday Trading?

Yes, You need to file Income Tax returns if you have traded in F&O's or Intraday trading

4.Is Tax Audit mandatory if I have Traded in Futures or Options?

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.

Find whether you need a tax audit or not? using Tax Audit Calculator

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.

  1. If the Trading Turnover exceeds Rs 10 Crores (or)
  2. If the Books of accounts are not maintained (or)
  3. If the taxpayer assessee has opted for Section 44AD in any of the last 5 years but not opting for the same in the current year

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.

5.Last date to upload Tax Audit Report for FY 2022-23 u/s 44AB?

Sep 30th 2023. Check for the latest date @ Tax Compliance Calendar