{"id":32578,"date":"2026-08-01T19:22:24","date_gmt":"2026-08-01T13:52:24","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=32578"},"modified":"2026-08-01T19:22:24","modified_gmt":"2026-08-01T13:52:24","slug":"%f0%9d%90%93%f0%9d%90%9a%f0%9d%90%b1-%f0%9d%90%80%f0%9d%90%ae%f0%9d%90%9d%f0%9d%90%a2%f0%9d%90%ad-%f0%9d%90%80%f0%9d%90%a9%f0%9d%90%a9%f0%9d%90%a5%f0%9d%90%a2%f0%9d%90%9c%f0%9d%90%9a%f0%9d%90%9b","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/%f0%9d%90%93%f0%9d%90%9a%f0%9d%90%b1-%f0%9d%90%80%f0%9d%90%ae%f0%9d%90%9d%f0%9d%90%a2%f0%9d%90%ad-%f0%9d%90%80%f0%9d%90%a9%f0%9d%90%a9%f0%9d%90%a5%f0%9d%90%a2%f0%9d%90%9c%f0%9d%90%9a%f0%9d%90%9b\/","title":{"rendered":"\ud835\udc13\ud835\udc1a\ud835\udc31 \ud835\udc00\ud835\udc2e\ud835\udc1d\ud835\udc22\ud835\udc2d \ud835\udc00\ud835\udc29\ud835\udc29\ud835\udc25\ud835\udc22\ud835\udc1c\ud835\udc1a\ud835\udc1b\ud835\udc22\ud835\udc25\ud835\udc22\ud835\udc2d\ud835\udc32 \ud835\udc1f\ud835\udc28\ud835\udc2b \ud835\udc05&#038;\ud835\udc0e \ud835\udc13\ud835\udc2b\ud835\udc1a\ud835\udc1d\ud835\udc1e\ud835\udc2b\ud835\udc2c"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a6e1c5d81731\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a6e1c5d81731\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/%f0%9d%90%93%f0%9d%90%9a%f0%9d%90%b1-%f0%9d%90%80%f0%9d%90%ae%f0%9d%90%9d%f0%9d%90%a2%f0%9d%90%ad-%f0%9d%90%80%f0%9d%90%a9%f0%9d%90%a9%f0%9d%90%a5%f0%9d%90%a2%f0%9d%90%9c%f0%9d%90%9a%f0%9d%90%9b\/#Taxation_of_F_O_trading_as_non-speculative_business\" title=\"Taxation of F&amp;O trading as non-speculative business:\u00a0\">Taxation of F&amp;O trading as non-speculative business:\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/%f0%9d%90%93%f0%9d%90%9a%f0%9d%90%b1-%f0%9d%90%80%f0%9d%90%ae%f0%9d%90%9d%f0%9d%90%a2%f0%9d%90%ad-%f0%9d%90%80%f0%9d%90%a9%f0%9d%90%a9%f0%9d%90%a5%f0%9d%90%a2%f0%9d%90%9c%f0%9d%90%9a%f0%9d%90%9b\/#%F0%9D%90%93%F0%9D%90%9A%F0%9D%90%B1_%F0%9D%90%80%F0%9D%90%AE%F0%9D%90%9D%F0%9D%90%A2%F0%9D%90%AD_%F0%9D%90%80%F0%9D%90%A9%F0%9D%90%A9%F0%9D%90%A5%F0%9D%90%A2%F0%9D%90%9C%F0%9D%90%9A%F0%9D%90%9B%F0%9D%90%A2%F0%9D%90%A5%F0%9D%90%A2%F0%9D%90%AD%F0%9D%90%B2_%F0%9D%90%9F%F0%9D%90%A8%F0%9D%90%AB_%F0%9D%90%85_%F0%9D%90%8E_%F0%9D%90%93%F0%9D%90%AB%F0%9D%90%9A%F0%9D%90%9D%F0%9D%90%9E%F0%9D%90%AB%F0%9D%90%AC_AY_2026-27\" title=\"\ud835\udc13\ud835\udc1a\ud835\udc31 \ud835\udc00\ud835\udc2e\ud835\udc1d\ud835\udc22\ud835\udc2d \ud835\udc00\ud835\udc29\ud835\udc29\ud835\udc25\ud835\udc22\ud835\udc1c\ud835\udc1a\ud835\udc1b\ud835\udc22\ud835\udc25\ud835\udc22\ud835\udc2d\ud835\udc32 \ud835\udc1f\ud835\udc28\ud835\udc2b \ud835\udc05&amp;\ud835\udc0e \ud835\udc13\ud835\udc2b\ud835\udc1a\ud835\udc1d\ud835\udc1e\ud835\udc2b\ud835\udc2c (AY 2026-27)\">\ud835\udc13\ud835\udc1a\ud835\udc31 \ud835\udc00\ud835\udc2e\ud835\udc1d\ud835\udc22\ud835\udc2d \ud835\udc00\ud835\udc29\ud835\udc29\ud835\udc25\ud835\udc22\ud835\udc1c\ud835\udc1a\ud835\udc1b\ud835\udc22\ud835\udc25\ud835\udc22\ud835\udc2d\ud835\udc32 \ud835\udc1f\ud835\udc28\ud835\udc2b \ud835\udc05&amp;\ud835\udc0e \ud835\udc13\ud835\udc2b\ud835\udc1a\ud835\udc1d\ud835\udc1e\ud835\udc2b\ud835\udc2c (AY 2026-27)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/%f0%9d%90%93%f0%9d%90%9a%f0%9d%90%b1-%f0%9d%90%80%f0%9d%90%ae%f0%9d%90%9d%f0%9d%90%a2%f0%9d%90%ad-%f0%9d%90%80%f0%9d%90%a9%f0%9d%90%a9%f0%9d%90%a5%f0%9d%90%a2%f0%9d%90%9c%f0%9d%90%9a%f0%9d%90%9b\/#Understand_Futures_Options_Turnover\" title=\"Understand Futures &amp; Options Turnover\">Understand Futures &amp; Options Turnover<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/%f0%9d%90%93%f0%9d%90%9a%f0%9d%90%b1-%f0%9d%90%80%f0%9d%90%ae%f0%9d%90%9d%f0%9d%90%a2%f0%9d%90%ad-%f0%9d%90%80%f0%9d%90%a9%f0%9d%90%a9%f0%9d%90%a5%f0%9d%90%a2%f0%9d%90%9c%f0%9d%90%9a%f0%9d%90%9b\/#Case_A_Section_44AD_Opted\" title=\"Case A: Section 44AD Opted\">Case A: Section 44AD Opted<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/%f0%9d%90%93%f0%9d%90%9a%f0%9d%90%b1-%f0%9d%90%80%f0%9d%90%ae%f0%9d%90%9d%f0%9d%90%a2%f0%9d%90%ad-%f0%9d%90%80%f0%9d%90%a9%f0%9d%90%a9%f0%9d%90%a5%f0%9d%90%a2%f0%9d%90%9c%f0%9d%90%9a%f0%9d%90%9b\/#Turnover_up_to_INR_1_crore\" title=\"Turnover up to INR 1 crore: \">Turnover up to INR 1 crore: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/%f0%9d%90%93%f0%9d%90%9a%f0%9d%90%b1-%f0%9d%90%80%f0%9d%90%ae%f0%9d%90%9d%f0%9d%90%a2%f0%9d%90%ad-%f0%9d%90%80%f0%9d%90%a9%f0%9d%90%a9%f0%9d%90%a5%f0%9d%90%a2%f0%9d%90%9c%f0%9d%90%9a%f0%9d%90%9b\/#Turnover_Above_INR_1_Crore_up_to_INR_2_Crore\" title=\"Turnover Above INR 1 Crore up to INR 2 Crore: \">Turnover Above INR 1 Crore up to INR 2 Crore: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/%f0%9d%90%93%f0%9d%90%9a%f0%9d%90%b1-%f0%9d%90%80%f0%9d%90%ae%f0%9d%90%9d%f0%9d%90%a2%f0%9d%90%ad-%f0%9d%90%80%f0%9d%90%a9%f0%9d%90%a9%f0%9d%90%a5%f0%9d%90%a2%f0%9d%90%9c%f0%9d%90%9a%f0%9d%90%9b\/#Turnover_Above_INR_2_Crore_up_to_INR_3_Crore_Cash_Receipts_%E2%89%A4_5\" title=\"Turnover Above INR 2 Crore up to INR 3 Crore: (Cash Receipts \u2264 5%)-\u00a0\">Turnover Above INR 2 Crore up to INR 3 Crore: (Cash Receipts \u2264 5%)-\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/%f0%9d%90%93%f0%9d%90%9a%f0%9d%90%b1-%f0%9d%90%80%f0%9d%90%ae%f0%9d%90%9d%f0%9d%90%a2%f0%9d%90%ad-%f0%9d%90%80%f0%9d%90%a9%f0%9d%90%a9%f0%9d%90%a5%f0%9d%90%a2%f0%9d%90%9c%f0%9d%90%9a%f0%9d%90%9b\/#Turnover_Above_INR_3_Crore_up_to_INR_10_Crore\" title=\"Turnover Above INR 3 Crore up to INR 10 Crore\">Turnover Above INR 3 Crore up to INR 10 Crore<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/%f0%9d%90%93%f0%9d%90%9a%f0%9d%90%b1-%f0%9d%90%80%f0%9d%90%ae%f0%9d%90%9d%f0%9d%90%a2%f0%9d%90%ad-%f0%9d%90%80%f0%9d%90%a9%f0%9d%90%a9%f0%9d%90%a5%f0%9d%90%a2%f0%9d%90%9c%f0%9d%90%9a%f0%9d%90%9b\/#Turnover_Above_INR_10_Crore\" title=\"Turnover Above INR 10 Crore:\u00a0\">Turnover Above INR 10 Crore:\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/%f0%9d%90%93%f0%9d%90%9a%f0%9d%90%b1-%f0%9d%90%80%f0%9d%90%ae%f0%9d%90%9d%f0%9d%90%a2%f0%9d%90%ad-%f0%9d%90%80%f0%9d%90%a9%f0%9d%90%a9%f0%9d%90%a5%f0%9d%90%a2%f0%9d%90%9c%f0%9d%90%9a%f0%9d%90%9b\/#Case_B_Section_44AD_Not_Opted\" title=\"Case B: Section 44AD Not Opted\">Case B: Section 44AD Not Opted<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/%f0%9d%90%93%f0%9d%90%9a%f0%9d%90%b1-%f0%9d%90%80%f0%9d%90%ae%f0%9d%90%9d%f0%9d%90%a2%f0%9d%90%ad-%f0%9d%90%80%f0%9d%90%a9%f0%9d%90%a9%f0%9d%90%a5%f0%9d%90%a2%f0%9d%90%9c%f0%9d%90%9a%f0%9d%90%9b\/#When_Both_Conditions_Are_Satisfied\" title=\"When Both Conditions Are Satisfied\">When Both Conditions Are Satisfied<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/carajput.com\/blog\/%f0%9d%90%93%f0%9d%90%9a%f0%9d%90%b1-%f0%9d%90%80%f0%9d%90%ae%f0%9d%90%9d%f0%9d%90%a2%f0%9d%90%ad-%f0%9d%90%80%f0%9d%90%a9%f0%9d%90%a9%f0%9d%90%a5%f0%9d%90%a2%f0%9d%90%9c%f0%9d%90%9a%f0%9d%90%9b\/#Special_Point_for_Futures_Options_Traders_Reporting_Loss\" title=\"Special Point for Futures &amp; Options Traders Reporting Loss\">Special Point for Futures &amp; Options Traders Reporting Loss<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/carajput.com\/blog\/%f0%9d%90%93%f0%9d%90%9a%f0%9d%90%b1-%f0%9d%90%80%f0%9d%90%ae%f0%9d%90%9d%f0%9d%90%a2%f0%9d%90%ad-%f0%9d%90%80%f0%9d%90%a9%f0%9d%90%a9%f0%9d%90%a5%f0%9d%90%a2%f0%9d%90%9c%f0%9d%90%9a%f0%9d%90%9b\/#Example_F_O_Turnover_INR_80_lakh_Net_Loss_INR_5_lakh_and_Total_Income_below_exemption_limit\" title=\"Example: F&amp;O Turnover: INR 80 lakh, Net Loss: INR 5 lakh and Total Income below exemption limit\">Example: F&amp;O Turnover: INR 80 lakh, Net Loss: INR 5 lakh and Total Income below exemption limit<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/carajput.com\/blog\/%f0%9d%90%93%f0%9d%90%9a%f0%9d%90%b1-%f0%9d%90%80%f0%9d%90%ae%f0%9d%90%9d%f0%9d%90%a2%f0%9d%90%ad-%f0%9d%90%80%f0%9d%90%a9%f0%9d%90%a9%f0%9d%90%a5%f0%9d%90%a2%f0%9d%90%9c%f0%9d%90%9a%f0%9d%90%9b\/#INR_3_Crore_Limit_Section_44AD_The_INR_3_crore_threshold_checks_Cash_Receipts_only\" title=\"INR 3 Crore Limit (Section 44AD): The\u00a0INR 3 crore threshold checks: Cash Receipts only\">INR 3 Crore Limit (Section 44AD): The\u00a0INR 3 crore threshold checks: Cash Receipts only<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/carajput.com\/blog\/%f0%9d%90%93%f0%9d%90%9a%f0%9d%90%b1-%f0%9d%90%80%f0%9d%90%ae%f0%9d%90%9d%f0%9d%90%a2%f0%9d%90%ad-%f0%9d%90%80%f0%9d%90%a9%f0%9d%90%a9%f0%9d%90%a5%f0%9d%90%a2%f0%9d%90%9c%f0%9d%90%9a%f0%9d%90%9b\/#INR_10_Crore_Limit_Section_44AB_The_enhanced_%E2%82%B910_crore_threshold_checks_Cash_Receipts_%E2%89%A4_5_and_Cash_Payments_%E2%89%A4_5_if_both_conditions_must_be_satisfied\" title=\"INR 10 Crore Limit (Section 44AB) : The enhanced \u20b910 crore threshold checks:\u00a0Cash Receipts \u2264 5%\u00a0and Cash Payments \u2264 5% if both conditions must be satisfied.\">INR 10 Crore Limit (Section 44AB) : The enhanced \u20b910 crore threshold checks:\u00a0Cash Receipts \u2264 5%\u00a0and Cash Payments \u2264 5% if both conditions must be satisfied.<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/carajput.com\/blog\/%f0%9d%90%93%f0%9d%90%9a%f0%9d%90%b1-%f0%9d%90%80%f0%9d%90%ae%f0%9d%90%9d%f0%9d%90%a2%f0%9d%90%ad-%f0%9d%90%80%f0%9d%90%a9%f0%9d%90%a9%f0%9d%90%a5%f0%9d%90%a2%f0%9d%90%9c%f0%9d%90%9a%f0%9d%90%9b\/#Practical_Example_in_Futures_Options_Traders\" title=\"Practical Example in Futures &amp; Options Traders:\u00a0\">Practical Example in Futures &amp; Options Traders:\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/carajput.com\/blog\/%f0%9d%90%93%f0%9d%90%9a%f0%9d%90%b1-%f0%9d%90%80%f0%9d%90%ae%f0%9d%90%9d%f0%9d%90%a2%f0%9d%90%ad-%f0%9d%90%80%f0%9d%90%a9%f0%9d%90%a9%f0%9d%90%a5%f0%9d%90%a2%f0%9d%90%9c%f0%9d%90%9a%f0%9d%90%9b\/#Taxation_of_F_O_traders\" title=\"Taxation of F&amp;O traders \">Taxation of F&amp;O traders <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/carajput.com\/blog\/%f0%9d%90%93%f0%9d%90%9a%f0%9d%90%b1-%f0%9d%90%80%f0%9d%90%ae%f0%9d%90%9d%f0%9d%90%a2%f0%9d%90%ad-%f0%9d%90%80%f0%9d%90%a9%f0%9d%90%a9%f0%9d%90%a5%f0%9d%90%a2%f0%9d%90%9c%f0%9d%90%9a%f0%9d%90%9b\/#How_Rajput_Jain_and_associates_officer\" title=\"How Rajput Jain and associates officer\u00a0\">How Rajput Jain and associates officer\u00a0<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-32580\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/08\/\ud835\udc13\ud835\udc1a\ud835\udc31-\ud835\udc00\ud835\udc2e\ud835\udc1d\ud835\udc22\ud835\udc2d-\ud835\udc00\ud835\udc29\ud835\udc29\ud835\udc25\ud835\udc22\ud835\udc1c\ud835\udc1a\ud835\udc1b\ud835\udc22\ud835\udc25\ud835\udc22\ud835\udc2d\ud835\udc32-\ud835\udc1f\ud835\udc28\ud835\udc2b-\ud835\udc05\ud835\udc0e-\ud835\udc13\ud835\udc2b\ud835\udc1a\ud835\udc1d\ud835\udc1e\ud835\udc2b\ud835\udc2c.jpg\" alt=\"\ud835\udc13\ud835\udc1a\ud835\udc31 \ud835\udc00\ud835\udc2e\ud835\udc1d\ud835\udc22\ud835\udc2d \ud835\udc00\ud835\udc29\ud835\udc29\ud835\udc25\ud835\udc22\ud835\udc1c\ud835\udc1a\ud835\udc1b\ud835\udc22\ud835\udc25\ud835\udc22\ud835\udc2d\ud835\udc32 \ud835\udc1f\ud835\udc28\ud835\udc2b \ud835\udc05&amp;\ud835\udc0e \ud835\udc13\ud835\udc2b\ud835\udc1a\ud835\udc1d\ud835\udc1e\ud835\udc2b\ud835\udc2c\" width=\"1254\" height=\"1254\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/08\/\ud835\udc13\ud835\udc1a\ud835\udc31-\ud835\udc00\ud835\udc2e\ud835\udc1d\ud835\udc22\ud835\udc2d-\ud835\udc00\ud835\udc29\ud835\udc29\ud835\udc25\ud835\udc22\ud835\udc1c\ud835\udc1a\ud835\udc1b\ud835\udc22\ud835\udc25\ud835\udc22\ud835\udc2d\ud835\udc32-\ud835\udc1f\ud835\udc28\ud835\udc2b-\ud835\udc05\ud835\udc0e-\ud835\udc13\ud835\udc2b\ud835\udc1a\ud835\udc1d\ud835\udc1e\ud835\udc2b\ud835\udc2c.jpg 1254w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/08\/\ud835\udc13\ud835\udc1a\ud835\udc31-\ud835\udc00\ud835\udc2e\ud835\udc1d\ud835\udc22\ud835\udc2d-\ud835\udc00\ud835\udc29\ud835\udc29\ud835\udc25\ud835\udc22\ud835\udc1c\ud835\udc1a\ud835\udc1b\ud835\udc22\ud835\udc25\ud835\udc22\ud835\udc2d\ud835\udc32-\ud835\udc1f\ud835\udc28\ud835\udc2b-\ud835\udc05\ud835\udc0e-\ud835\udc13\ud835\udc2b\ud835\udc1a\ud835\udc1d\ud835\udc1e\ud835\udc2b\ud835\udc2c-300x300.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/08\/\ud835\udc13\ud835\udc1a\ud835\udc31-\ud835\udc00\ud835\udc2e\ud835\udc1d\ud835\udc22\ud835\udc2d-\ud835\udc00\ud835\udc29\ud835\udc29\ud835\udc25\ud835\udc22\ud835\udc1c\ud835\udc1a\ud835\udc1b\ud835\udc22\ud835\udc25\ud835\udc22\ud835\udc2d\ud835\udc32-\ud835\udc1f\ud835\udc28\ud835\udc2b-\ud835\udc05\ud835\udc0e-\ud835\udc13\ud835\udc2b\ud835\udc1a\ud835\udc1d\ud835\udc1e\ud835\udc2b\ud835\udc2c-1024x1024.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/08\/\ud835\udc13\ud835\udc1a\ud835\udc31-\ud835\udc00\ud835\udc2e\ud835\udc1d\ud835\udc22\ud835\udc2d-\ud835\udc00\ud835\udc29\ud835\udc29\ud835\udc25\ud835\udc22\ud835\udc1c\ud835\udc1a\ud835\udc1b\ud835\udc22\ud835\udc25\ud835\udc22\ud835\udc2d\ud835\udc32-\ud835\udc1f\ud835\udc28\ud835\udc2b-\ud835\udc05\ud835\udc0e-\ud835\udc13\ud835\udc2b\ud835\udc1a\ud835\udc1d\ud835\udc1e\ud835\udc2b\ud835\udc2c-150x150.jpg 150w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/08\/\ud835\udc13\ud835\udc1a\ud835\udc31-\ud835\udc00\ud835\udc2e\ud835\udc1d\ud835\udc22\ud835\udc2d-\ud835\udc00\ud835\udc29\ud835\udc29\ud835\udc25\ud835\udc22\ud835\udc1c\ud835\udc1a\ud835\udc1b\ud835\udc22\ud835\udc25\ud835\udc22\ud835\udc2d\ud835\udc32-\ud835\udc1f\ud835\udc28\ud835\udc2b-\ud835\udc05\ud835\udc0e-\ud835\udc13\ud835\udc2b\ud835\udc1a\ud835\udc1d\ud835\udc1e\ud835\udc2b\ud835\udc2c-768x768.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/08\/\ud835\udc13\ud835\udc1a\ud835\udc31-\ud835\udc00\ud835\udc2e\ud835\udc1d\ud835\udc22\ud835\udc2d-\ud835\udc00\ud835\udc29\ud835\udc29\ud835\udc25\ud835\udc22\ud835\udc1c\ud835\udc1a\ud835\udc1b\ud835\udc22\ud835\udc25\ud835\udc22\ud835\udc2d\ud835\udc32-\ud835\udc1f\ud835\udc28\ud835\udc2b-\ud835\udc05\ud835\udc0e-\ud835\udc13\ud835\udc2b\ud835\udc1a\ud835\udc1d\ud835\udc1e\ud835\udc2b\ud835\udc2c-800x800.jpg 800w\" sizes=\"(max-width: 1254px) 100vw, 1254px\" \/><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Taxation_of_F_O_trading_as_non-speculative_business\"><\/span><span style=\"color: #000080;\"><strong>Taxation of F&amp;O trading as non-speculative business:\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span style=\"font-size: 16px;\">F&amp;O trading is treated as <\/span>non-speculative business income<span style=\"font-size: 16px;\"> u\/s 43(5) and is taxable at normal income-tax slab rates, with expenses such as STT, brokerage, and exchange charges allowed as deductions.<\/span><\/li>\n<li>F&amp;O losses cannot be set off against salary income but can be adjusted against capital gains and certain other incomes in the same year, and any unabsorbed loss can be carried forward for 8 years if the return is filed on time. Unlike intraday equity trading (speculative), F&amp;O trading enjoys broader loss set-off and carry-forward benefits.<\/li>\n<li>Tax audit for F&amp;O traders is not mandatory in all cases. It is generally required only when turnover exceeds prescribed limits under Section 44AB or when the taxpayer had opted for Section 44AD presumptive taxation in the previous 5 years and is now declaring lower income or losses.<\/li>\n<li>For digital F&amp;O traders, the audit threshold can extend up to INR 10 crore, reducing audit requirements. However, non-compliance where an Tax audit is mandatory can attract a penalty up to INR 1.5 lakh, and the audit must be conducted by a practicing CA who submits Form 3CB\/3CD before filing ITR-3.<\/li>\n<li>F&amp;O traders should generally file ITR-3 (not ITR-1, ITR-2, or ITR-4 when reporting losses or actual profits). The due date is 31 August 2026 for non-audit cases and 31 October 2026 where a tax audit is applicable. Timely filing is essential to preserve the carry-forward of losses.<\/li>\n<li>To file ITR-3, traders need broker statements, bank records, Form 26AS\/AIS, Form 16 (if applicable), and financial statements. F&amp;O income is reported in Schedule BP as business income, and any mistake such as filing ITR-2 can be corrected through a revised return under Section 139(5) up to 31 March 2027.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"%F0%9D%90%93%F0%9D%90%9A%F0%9D%90%B1_%F0%9D%90%80%F0%9D%90%AE%F0%9D%90%9D%F0%9D%90%A2%F0%9D%90%AD_%F0%9D%90%80%F0%9D%90%A9%F0%9D%90%A9%F0%9D%90%A5%F0%9D%90%A2%F0%9D%90%9C%F0%9D%90%9A%F0%9D%90%9B%F0%9D%90%A2%F0%9D%90%A5%F0%9D%90%A2%F0%9D%90%AD%F0%9D%90%B2_%F0%9D%90%9F%F0%9D%90%A8%F0%9D%90%AB_%F0%9D%90%85_%F0%9D%90%8E_%F0%9D%90%93%F0%9D%90%AB%F0%9D%90%9A%F0%9D%90%9D%F0%9D%90%9E%F0%9D%90%AB%F0%9D%90%AC_AY_2026-27\"><\/span><span style=\"color: #000080;\"><strong>\ud835\udc13\ud835\udc1a\ud835\udc31 \ud835\udc00\ud835\udc2e\ud835\udc1d\ud835\udc22\ud835\udc2d \ud835\udc00\ud835\udc29\ud835\udc29\ud835\udc25\ud835\udc22\ud835\udc1c\ud835\udc1a\ud835\udc1b\ud835\udc22\ud835\udc25\ud835\udc22\ud835\udc2d\ud835\udc32 \ud835\udc1f\ud835\udc28\ud835\udc2b \ud835\udc05&amp;\ud835\udc0e \ud835\udc13\ud835\udc2b\ud835\udc1a\ud835\udc1d\ud835\udc1e\ud835\udc2b\ud835\udc2c (AY 2026-27)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>We are here going to summarize when a tax audit under Section 44AB may apply to taxpayers engaged in futures &amp; options (F&amp;O) trading, which is treated as non-speculative business income under the Income Tax Act. The applicability primarily depends upon Futures &amp; Options Turnover, Whether Section 44AD is opted for, profit declared, and Cash receipts and cash payments percentage<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Understand_Futures_Options_Turnover\"><\/span><span style=\"color: #000080;\">Understand Futures &amp; Options Turnover<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For F&amp;O traders, turnover is not the contract value. Generally, turnover includes:<\/p>\n<ul>\n<li>Absolute profit and loss from futures &amp; options transactions.<\/li>\n<li>Premium received on sale of options.<\/li>\n<li>Differences arising on reverse trades.<\/li>\n<\/ul>\n<p>For most modern futures &amp; options traders, transactions are carried out through banks and stockbrokers, resulting in cash receipts and cash payments well below 5%. Consequently, a tax\u00a0audit is generally not required even for a turnover up to INR 10 crore, provided the prescribed cash transaction conditions are satisfied. However, traders declaring lower profits u\/s 44AD, reporting losses, or crossing the INR 10 crore threshold should carefully evaluate audit applicability before filing their ITR.<\/p>\n<p>The turnover calculation is crucial because audit applicability is based on turnover thresholds.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Case_A_Section_44AD_Opted\"><\/span><span style=\"color: #000080;\">Case A: Section 44AD Opted<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Turnover_up_to_INR_1_crore\"><\/span><span style=\"color: #000080;\">Turnover up to INR 1 crore: <\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><span style=\"color: #000000;\">The audit position is clear here, and no tax audit is applicable in this case. However, an audit may become applicable if Section 44AD(5) provisions are triggered.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Turnover_Above_INR_1_Crore_up_to_INR_2_Crore\"><\/span><span style=\"color: #000080;\">Turnover Above INR 1 Crore up to INR 2 Crore: <\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>In this case If profit declared is \u2265 6% \/ 8%, then No tax audit is applicable and <span style=\"font-size: 16px;\">6% for eligible digital receipts and <\/span><span style=\"font-size: 16px;\">8% for other receipts<\/span><\/li>\n<li>If profit is lower or loss is declared, then an tax audit is applicable in case <span style=\"font-size: 16px;\">total income exceeds the basic exemption limit and <\/span><span style=\"font-size: 16px;\">conditions of Section 44AD(5) are attracted.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Turnover_Above_INR_2_Crore_up_to_INR_3_Crore_Cash_Receipts_%E2%89%A4_5\"><\/span><span style=\"color: #000080;\">Turnover Above INR 2 Crore up to INR 3 Crore: (Cash Receipts \u2264 5%)-\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>If profit is \u2265 6% \/ 8%, then No tax audit is applicable<\/li>\n<li>In case we declare it as a lower profit or loss, then an audit is\u00a0applicable if conditions under Section 44AD(5) are applicable.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Turnover_Above_INR_3_Crore_up_to_INR_10_Crore\"><\/span><span style=\"color: #000080;\">Turnover Above INR 3 Crore up to INR 10 Crore<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>In this case Section 44AD is not available, and the presumptive taxation scheme cannot be opted for beyond the prescribed limit. Tax audit applicability will then be examined under normal provisions of Section 44AB.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Turnover_Above_INR_10_Crore\"><\/span><span style=\"color: #000080;\">Turnover Above INR 10 Crore:\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Audit Position: A tax audit is compulsory regardless of profit level.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Case_B_Section_44AD_Not_Opted\"><\/span><span style=\"color: #000080;\">Case B: Section 44AD Not Opted<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This is the situation for many active F&amp;O traders who maintain books and declare actual profits or losses.<\/p>\n<ul>\n<li>Turnover up to INR 1 crore, then No Tax Audit<\/li>\n<li>Turnover Above INR 1 Crore up to INR 10 Crore<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"When_Both_Conditions_Are_Satisfied\"><\/span><span style=\"color: #000080;\">When Both Conditions Are Satisfied<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Cash Receipts \u2264 5% of total receipts<\/li>\n<li>Cash Payments \u2264 5% of total payments<\/li>\n<\/ul>\n<p>In case there will be no tax audit. This relaxation is particularly beneficial for Futures &amp; Options traders because most transactions occur via Bank accounts, trading accounts, and electronic settlement mechanisms.<\/p>\n<ul>\n<li>If Either Condition Fails:\u00a0Audit Applicable\u00a0Where cash transactions exceed prescribed limits.<\/li>\n<li>Turnover Above INR 10 Crore: Audit Mandatory. Audit becomes compulsory u\/s\u00a0 44AB.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Special_Point_for_Futures_Options_Traders_Reporting_Loss\"><\/span><span style=\"color: #000080;\">Special Point for Futures &amp; Options Traders Reporting Loss<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This is where many traders get confused.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Example_F_O_Turnover_INR_80_lakh_Net_Loss_INR_5_lakh_and_Total_Income_below_exemption_limit\"><\/span><span style=\"color: #000080;\">Example: <span style=\"font-size: 16px;\">F&amp;O Turnover: INR 80 lakh, <\/span><span style=\"font-size: 16px;\">Net Loss: INR 5 lakh and <\/span><span style=\"font-size: 16px;\">Total Income below exemption limit<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Generally, In this case Tax audit may not be required. However, facts such as filing under a presumptive scheme, opting out of Section 44AD, and total income level. must be examined carefully.\u00a0Every loss case should be reviewed separately before concluding whether an audit is applicable.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"INR_3_Crore_Limit_Section_44AD_The_INR_3_crore_threshold_checks_Cash_Receipts_only\"><\/span><span style=\"color: #000080;\">INR 3 Crore Limit (Section 44AD): The\u00a0INR 3 crore threshold checks: Cash Receipts only<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"INR_10_Crore_Limit_Section_44AB_The_enhanced_%E2%82%B910_crore_threshold_checks_Cash_Receipts_%E2%89%A4_5_and_Cash_Payments_%E2%89%A4_5_if_both_conditions_must_be_satisfied\"><\/span><span style=\"color: #000080;\">INR 10 Crore Limit (Section 44AB) : The enhanced \u20b910 crore threshold checks:\u00a0Cash Receipts \u2264 5%\u00a0<strong>and <\/strong>Cash Payments \u2264 5% if both conditions must be satisfied.<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<h3><span class=\"ez-toc-section\" id=\"Practical_Example_in_Futures_Options_Traders\"><\/span><span style=\"color: #000080;\">Practical Example in Futures &amp; Options Traders:\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Example 1 : F&amp;O Turnover: INR 1.50 Crore, Profit Declared: INR 12 Lakh (8%), Section 44AD Opted, No tax Audit application<\/li>\n<li>Example-2: Futures &amp; Options Turnover: INR 1.50 Crore, Loss Declared: INR 2 Lakh, Section 44AD Opted: Income above exemption limit, and finally, audit may apply.<\/li>\n<li>Example 3: F&amp;O Turnover: INR 5 Crore, Cash Receipts: Nil, Cash Payments: Nil, Section 44AD Not Opted: In this case, no audit as cash receipts and cash payments are within 5%.<\/li>\n<li>Example 4: Futures &amp; Options Turnover: INR 11 crore. Regardless of profit or loss, in this case, a tax audit is mandatory.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li>F&amp;O traders are generally required to maintain books of account under Section 44AA if prescribed income or turnover thresholds are exceeded. Essential records include broker statements, contract notes, bank statements, ledgers, journals, and supporting documents for expenses. Failure to maintain books can attract a penalty of \u20b925,000 under Section 271A.<\/li>\n<li>The Balance Sheet should disclose capital, loans, bank balances, broker margin, investments, and other assets\/liabilities. Trading-related expenses such as brokerage, STT, exchange charges, interest, internet costs, research subscriptions, depreciation, and CA fees are deductible when supported by proper records. Open F&amp;O positions should be accounted for on a consistent MTM basis as reflected in the broker ledger at year-end.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Taxation_of_F_O_traders\"><\/span><span style=\"color: #000080;\"><strong>Taxation of F&amp;O traders <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div>\n<ul>\n<li>F&amp;O traders commonly receive defective return notices under Section 139(9) due to filing the wrong ITR form, not furnishing the balance sheet and P&amp;L account, incomplete Schedule BP details, or failure to submit a mandatory tax audit report. Such defects can usually be rectified by filing a corrected ITR-3 within the prescribed time.<\/li>\n<li>A scrutiny notice under Section 143(2) should be responded to promptly with proper supporting documents. Maintaining a well-prepared Balance Sheet that clearly reconciles sources and uses of funds helps substantiate trading activities, reduces the risk of adverse assessments, and makes handling scrutiny proceedings much easier.<\/li>\n<\/ul>\n<div>\n<ul>\n<li>Salaried individuals who trade in F&amp;O must file ITR-3, reporting salary income under Schedule S and F&amp;O profits\/losses under Schedule BP. F&amp;O profits are taxed at normal slab rates, while F&amp;O losses cannot be set off against salary income and can be carried forward for 8 years.<\/li>\n<li>F&amp;O income and equity capital gains are taxed separately, with F&amp;O treated as business income and capital gains taxed at special rates. GST registration is not required for F&amp;O trading, no TDS is deducted on F&amp;O profits, and advance tax may apply. Where a taxpayer has both business and F&amp;O activities, their turnovers are aggregated to determine tax audit applicability.<\/li>\n<\/ul>\n<div>\n<ul>\n<li>F&amp;O traders can download their annual profit &amp; loss statement from their broker platform (such as Zerodha Console), but turnover for income tax purposes may need to be recomputed as per ICAI guidelines by a CA. Traders should preserve broker statements, contract notes, bank records, tax challans, ITR acknowledgements, financial statements, expense bills, and tax-related correspondence for at least 6 years.<\/li>\n<li>F&amp;O profits are not subject to TDS, so traders must independently pay advance tax if their net tax liability exceeds \u20b910,000. Advance tax is payable in prescribed installments during the financial year, and failure to comply may attract interest under Sections 234B and 234C of the Income Tax Act.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"How_Rajput_Jain_and_associates_officer\"><\/span><span style=\"color: #000080;\">How Rajput Jain and associates officer\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div>\n<ul>\n<li>Rajput Jain and Associates provides comprehensive F&amp;O tax compliance services, including turnover computation as per ICAI guidelines, preparation of books of account, balance sheet, and P&amp;L; tax audit applicability assessment; tax audits under Section 44AB, ITR-3 filing; loss carry-forward reporting; notice handling; scrutiny representation; advance tax planning; tax regime analysis; and AIS\/Form 26AS reconciliation.<\/li>\n<li>While hiring a CA for F&amp;O return filing is not mandatory, it is highly recommended due to the complexities of ITR-3, turnover computation, tax audit requirements, and compliance procedures. Professional fees paid to a CA are also allowable as a business expense against F&amp;O income.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Taxation of F&amp;O trading as non-speculative business:\u00a0 F&amp;O trading is treated as non-speculative business income u\/s 43(5) and is taxable at normal income-tax slab rates, with expenses such as STT, brokerage, and exchange charges allowed as deductions. F&amp;O losses cannot be set off against salary income but can be adjusted against capital gains and certain &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/32578"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=32578"}],"version-history":[{"count":1,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/32578\/revisions"}],"predecessor-version":[{"id":32581,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/32578\/revisions\/32581"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=32578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=32578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=32578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}