ITR for Traders

Inclusions

• ITR-3 for a resident individual or HUF who has income under the head profits and gains of business or profession—the form the department prescribes when you are not eligible for ITR-1, ITR-2, or ITR-4 on the same facts
• Intraday (speculative) and F&O (non-speculative) segments from contract notes and broker ledgers mapped into ITR-3 trading or business schedules
• Virtual digital assets reported as business income (mining, staking, high-frequency dealing, etc.); if you instead have only VDA capital gains under section 115BBH with no business books, the Capital Gains plan is usually the better match
• Conventional business or freelance profit: turnover, expenses, depreciation, and GST-based turnover checks when you give GSTR data
• In the same return when applicable: salary or pension; more than one house property; capital gains on other assets; agricultural income above ₹5,000; and other sources ITR-3 carries
• Business or speculative loss carry-forward and set-off where your earlier-year returns and the Act support the figures
• Chapter VI-A where your regime allows it; Form 10-IEA filing and acknowledgement when you opt out of the default new regime for business income (must be before the due date under section 139(1) as in the department’s business-income FAQ)
• TDS and TCS matching on brokerage, professional fees, and rent with Form 16, Form 16A, Form 26AS, and AIS

Exclusions

• Statutory tax audit under section 44AB: we use numbers your auditor signs; audit fee is not in the plan price
• Cases that fit entirely on ITR-4 Sugam: presumptive business under section 44AD or goods carriages under section 44AE, or presumptive profession under section 44ADA, with total income not above ₹50 lakh and every other ITR-4 condition met—use Proprietors & firms (ITR-4) or Professionals (ITR-4)
• Cases with no business or profession income—only salary and small other sources (Basic or Standard) or only capital gains (Capital Gains plan)
• Companies, LLPs, and anyone required to file ITR-5 or ITR-6
• Multi-country transfer-pricing or full offshore structuring beyond a normal individual ITR-3

Recommended For

• Day traders and F&O users whose broker treats activity as business and who need speculative and non-speculative reporting
• Crypto or VDA traders who book profit and loss like a business rather than only buy-and-hold capital sales
• Sole proprietors, consultants, and small firms with full books who are above ITR-4 turnover tests or excluded from section 44AD (agency, commission, brokerage, etc.)

Not Recommended For

• Anyone who can file wholly on ITR-1 or ITR-2 with no profits of business or profession
• Anyone who meets all ITR-4 conditions including total income up to ₹50 lakh and presumptive sections 44AD, 44ADA, or 44AE only
• Companies and LLPs that must use ITR-6 or ITR-5

How It Works

• Share your details and upload documents
• Our expert prepares your tax return
• Review and approve your return
• We file your return and help with e-verification
• Get ITR-V after e-filing
• Post-filing support available

Documents Required

• Form 16 (all parts) if you have salary or pension
• Form 16A for TDS on brokerage, professional fees, rent, interest, or contractor payments
• Form 26AS and AIS from the Income-tax e-filing portal for the financial year of the return
• Personal and business bank statements for the full year (and wallet or exchange bank feeds for crypto if relevant)
• Share and F&O: complete contract notes for the financial year, broker ledger or turnover statement split into speculative (intraday) and non-speculative segments, margin statements, and year-end open-position report if positions span year-end
• Virtual digital assets: exchange trade history CSV or PDF, deposit and withdrawal logs, and cost-basis notes if you moved coins between wallets
• GST: registration certificate, GSTR-1 and GSTR-3B summaries for the year, and e-way bill or sales register if turnover is tied to GST for cross-check
• Business or freelance: sales invoices, purchase bills, rent agreement for office or godown, salary register if you pay staff, asset invoices for depreciation, and petty-cash summary if material
• Trial balance, profit and loss account, balance sheet, and general ledger export (Tally, Zoho, Excel, or similar) if you maintain full books
• Tax audit: signed Form 3CD and audit report if a section 44AB audit is already completed for the year
• House property: rent receipts, municipal tax, and home loan interest certificate if that head is in the same return
• Capital gains on non-business assets: sale and purchase papers and broker statements if you also report capital gains in this ITR-3
• Advance tax and self-assessment challans for the year; prior-year ITR-V or acknowledgement for brought-forward business or speculative losses filed within the original due date

Time Estimate

5-7 business days after document submission

Remarks

• If you have business or profession income and want the old tax regime, the department’s ITR-4 FAQ and business-income guidance require Form 10-IEA to be filed on or before the due date under section 139(1); after filing, enter the Form 10-IEA date and acknowledgement in the return. Regime switching for business income is not every year—follow the published FAQ on one-time switch back to the new regime.
• If section 44AB tax audit applies, your auditor issues the audit report and Form 3CD (and related forms as applicable); we prepare the ITR-3 from signed figures and the audit fee is outside this plan.
• Advance tax: for trading and business income, estimate tax each quarter as the Act requires; salaried TDS alone may not cover trading profit. For presumptive profession-only cases on ITR-4 the FAQ notes 100% advance tax by 15 March—on ITR-3 follow your chartered accountant’s advance-tax calendar.
• After e-filing, complete e-verification within the portal deadline and keep ITR-V with your books and broker files.