Can Zerodha profit offset Groww F&O loss?

Yes, both are generally non-speculative business results in the same taxpayer return.

Do I need two audits?

No. If audit applies, it is for the taxpayer/business, not per broker.

Which report should I trust?

Use both broker reports and reconcile methodology, especially option premium treatment.

Can Zerodha profit offset Groww F&O loss?

Yes, both are generally non-speculative business results in the same taxpayer return.

Do I need two audits?

No. If audit applies, it is for the taxpayer/business, not per broker.

Which report should I trust?

Use both broker reports and reconcile methodology, especially option premium treatment.

AY 2026-27 Scenario guide ITR-3

Zerodha and Groww F&O tax filing.

Zerodha gives a richer Console Tax P&L; Groww is more app-first. If you used both, do not let reporting quality decide tax treatment. Combine both broker results into one ITR-3 working paper.

Check audit All scenarios

Who this is for

Profile

You traded F&O on Zerodha and Groww in the same FY.

Filing position

ITR-3

Use ITR-3. Combine both broker statements under non-speculative business income.

Step-by-step workflow

Do this

Download Zerodha Console Tax P&L for all segments.
Download Groww Tax P&L or P&L statement for the same FY.
Create a two-broker summary: profit/loss, turnover, charges.
Check option-sale premium treatment for each broker.
Use combined numbers for ITR-3 and audit checker.

Common mistakes

Avoid

Using only Zerodha because it is easier

Groww trades still have to be included.

Applying Zerodha turnover method to Groww blindly

Broker methodologies may differ or be unstated. Verify each report.

Mixing financial years

Ensure both reports cover the same FY.