Future & Options ITR Filing
Plan attributes:
Future & Options ITR filing plan is suitable for individuals who involve in day-to-day trading (intraday) or future and options trading. If you happen to have income from F&O (along with or without salary), then choose this plan and TaxHelpdesk’s Income Tax Expert will file your ITR.
Future & Options ITR Filing Plan Services Provided:
- ITR filing for income from Future and Options (non-audit cases
- ITR filing in case of income from intraday trading (non-audit cases
- Declaration of interest income
- Calculation and declaration of income from dividend
- Declaration of income from house property (single or multiple)
- Capital gains or losses declaration
- TaxHelpdesk’s Income Tax Expert assistance
- Status of refund intimation
Who should consider buying this plan?
Who should not buy this plan?
– Individuals whose books of accounts are to be audited* (audit charges are extra)
– Individuals who have income just from capital gains (sale of capital assets)
List of documents for ITR filing
FAQs
Intraday trading, also known as day trading, is a trading strategy in which traders buy and sell financial instruments within the same trading day, aiming to profit from short-term price fluctuations.
Futures and options are two types of derivative financial instruments that derive their value from an underlying asset, such as stocks, commodities, currencies, or indices. Having said that, futures contract is an agreement between two parties to buy or sell an asset at a predetermined price on a specified future date. On the other hand, options contract provides the holder with the right, but not the obligation, to buy (call option) or sell (put option) an underlying asset at a predetermined price within a specified period.
Yes, if you have engaged in intraday trading and generated taxable income from it, you are required to file an income tax return.
Income from intraday trading is considered as speculative business income and is subject to tax as per the applicable slab rates for individuals or the applicable tax rates for other entities (such as partnerships or companies).
Don’t worry even if your books of accounts are to be audited, the experts at TaxHelpdesk will do the job for you. They will audit your books of accounts as well as file your ITR on time. Please note that the charges of audit are extra! 🙂
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