FnOTax India
AY 2026-27 Scenario guide ITR-3

F&O trading under the old tax regime.

Old regime may preserve personal deductions, but F&O still follows business-income rules. Keep personal deductions separate from trading-business expenses.

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Who this is for

Profile

You traded F&O and are considering the old regime due to deductions.

Filing position

ITR-3

Use ITR-3. Business expenses and personal Chapter VI-A deductions are different buckets.

Step-by-step workflow

Do this
  1. Compute F&O business income/loss after direct expenses.
  2. Collect personal deduction proofs separately.
  3. Compare old vs new regime total tax.
  4. Check audit based on turnover.
  5. File on time for losses.

Common mistakes

Avoid

Mixing personal deductions with F&O expenses

Brokerage/STT are business expenses; 80C/80D are personal deductions.

Using old regime to avoid ITR-3

Regime does not change F&O form requirements.

Ignoring regime-switching rules

Business-income taxpayers may face restrictions on switching regimes.

Useful tools

Next action

Turnover calculator

Open this FnOTax guide or calculator for the next step.

Audit checker

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Loss set-off checker

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ITR-3 vs ITR-4 checker

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Frequently asked questions

Does old regime allow F&O expense deduction?
F&O business expenses are part of business-profit computation regardless of old/new regime.
Can I claim 80C plus F&O loss?
Potentially, subject to regime and income rules. They are separate computations.
Does old regime affect audit?
No. Audit depends on turnover and statutory conditions, not regime choice.