@AshishSinghKiJi 300 mm very heavy rain within 24 hours...
Still the City is working normally (except a few isolated spots)..
Just go through some pictures from New York City a few days back..
Filed ITR-3 with F&O income last year?
The form has changed this time. And the change puts you directly under the tax department's scanner.
Here is what every F&O trader must know before filing AY 2026-27. ๐งต
๐จ F&O traders โ ITR-3 just got a lot more dangerous for the careless.
AY 2026-27 has two new fields specifically for you:
Field 12c โ F&O turnover (absolute value of all profits + losses)
Field 12d โ F&O income transferred to P&L
Earlier, you could bury this inside general business receipts.
Not anymore.
The IT Dept now auto cross-checks these fields against:
โ Your broker's P&L statement
โ AIS/TIS data
โ STT records
โ Exchange reports
If the numbers don't match, you're getting a notice.
A few things every F&O filer MUST know:
[1] Turnover = absolute value method (ICAI)
Sum of |profit| + |loss| on every trade.
For options: sale consideration counts as turnover.
Not your net profit. The gross.
[2] You cannot use 44AD if you trade F&O
Presumptive taxation is out.
Even if you have another small business โ separate it, file ITR-3, show F&O distinctly.
[3] Scale vs. declared income will be scrutinised
โน50L turnover with โน12,000 declared income?
That mismatch is now machine-readable.
The window for "I didn't know" is closing fast.
File right. Get a CA who understands trading.
Or be the cautionary tale someone else tweets about in October.
๐งต RT if you know a trader who still thinks F&O loss is a grey area.
Route Update : For NMMT (From NMIA Airport)
Bus frequency of services: Possibly run every ~17โ22 minutes on all routes.
Bus Type: Air-conditioned public buses
A-1 NMIA To Kharkopar Station
A-2 NMIA To Targhar Station (by Turbhe Depot)
A-3 NMIA To Belapur Station (by Asudgaon Depot)
A-4 NMIA To Nerul Station
A-5 NMIA To Khandeshwar Station
All routes will be added to @BusKosh soon.
Stay tuned for updates.
#NMIAReadyToFly #NMIA #BusKosh
6,500+ listed stocks. Just 2 have delivered positive returns every single year since 2015.
Who are Indiaโs true compounders?
@soumeet_sarkar breaks it down.