FnOTax India
AY 2026-27 Scenario guide ITR-3

Intraday equity and F&O in the same year.

Equity intraday and exchange-traded F&O are both trading, but they do not sit in the same tax bucket. Intraday equity is speculative business; F&O is generally non-speculative business.

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Who this is for

Profile

You traded same-day equity intraday and also traded futures/options.

Filing position

ITR-3

Use ITR-3. Separate speculative and non-speculative business results. Loss set-off and carry-forward rules differ.

Step-by-step workflow

Do this
  1. Download broker reports split by intraday equity and F&O.
  2. Classify intraday equity as speculative business.
  3. Classify F&O as non-speculative business.
  4. Compute separate turnover and P&L working papers.
  5. Apply set-off rules carefully before carry-forward.

Common mistakes

Avoid

Netting intraday and F&O blindly

Speculative and non-speculative losses have different set-off rules.

Using capital-gains schedule for intraday

Equity intraday is business/speculative, not delivery capital gains.

Losing separate records

Keep segment reports separate even if the broker gives one combined P&L.

Useful tools

Next action

Turnover calculator

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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

Is equity intraday speculative?
Yes, equity intraday is generally speculative business income/loss.
Is F&O speculative too?
No, exchange-traded F&O is generally non-speculative business income.
Can speculative loss offset F&O profit?
Speculative loss has restricted set-off. Use the loss checker or consult a CA for exact schedules.