how is F&O turnover computed?

under the ICAI Guidance Note: absolute sum of profits and losses across all F&O trades in the year, per contract. we show the computation, not just the number, and flag when the 44AB audit threshold is crossed.

how are STT charges treated?

STT is deductible against business income (intraday, F&O) but not against capital gains. the engine applies this correctly and says so on the export.

what if the rates change mid-year?

every computed figure stores the rule version that produced it. a recomputation of FY2023-24 uses FY2023-24 rules even when run in 2027. that is architectural, not optional.

trader tax reporting · india

A file your CA can work from, without re-keying a number.

the design target isn't a P&L you can read. it's an export a Chartered Accountant can file from. every number traces to a contract note. every classification shows the rule that produced it. every rate carries the version that was live in the financial year the trade happened — because Indian tax law has changed mid-year more than once, and a recomputation of FY2023-24 must use FY2023-24 rules even when run in 2027.

what the export contains

an audit trail, not a dashboard.

income head classification

auto-segregation into: equity delivery STCG, equity delivery LTCG, intraday equity (speculative business income), F&O (non-speculative business income under the 43(5)(d) proviso), debt, dividend and interest. the applied rule is shown on every line. the CA can disagree and override — the override is logged.

FIFO lot matching

per scrip per entity per broker, as the Income Tax Act requires. the lot ledger is auditable end-to-end: every sale points at the specific purchase lots it consumed, with holding days computed to the day.

section 112a grandfathering

cost of acquisition as the higher of the actual cost and the lower of the FMV on 31-Jan-2018 and the sale consideration, for equity acquired before 01-Feb-2018. the FMV table is stored as reference data; the treatment is cited on every affected sale.

turnover computation

intraday and F&O turnover per the ICAI Guidance Note (absolute sum of profits and losses per contract), because it determines tax-audit applicability under 44AB. we present the method used and flag when the threshold is crossed.

charges breakdown

per trade and in aggregate: brokerage, STT, exchange transaction charges, SEBI turnover fees, stamp duty, GST, DP charges. STT is deductible against business income but not against capital gains — applied correctly, and the treatment is annotated.

scrip-wise schedule 112A

in the exact column order the ITR utility expects. paste-ready into the utility.

the export pack

a multi-sheet Excel workbook: summary, trade-wise, scrip-wise, lot ledger, charges, turnover working, schedule-wise mapping. plus CSV and a JSON payload shaped for the ITR utility import.

CA read-only seat

a read-only role your CA takes over email invitation, scoped to tax data only, with its own audit trail. the CA never touches your login. revoking the seat cuts access instantly; the prior activity stays in the audit trail permanently.

the principles

why this file is trustworthy.

rules are versioned

rates, thresholds, exemptions and holding-period definitions live in a versioned rules table with effective-from and effective-to dates. never in code. every figure stores the rule version that produced it.

a filed year is frozen

once a year is filed, the data, the rules and the output are immutable. corrections create a revision; nothing is ever silently edited. retrievable for the statutory retention period and for reassessment.

we compute, we do not advise

the platform computes and evidences. it does not file and it does not give tax advice. every export carries a "for review by a qualified professional" header and the rule version used.

CA-validated before release

fifty hand-checked real portfolios reviewed by a practising CA before any export leaves beta. a wrong number is your legal problem, so we do not ship wrong numbers.

on the roadmap

V1 additions after the MVP export lands.

set-off and carry-forward — speculative loss against speculative income only (4 years); non-speculative business loss (8 years); STCL against STCG and LTCG; LTCL against LTCG only. year-wise register kept across financial years.
corporate action cost-basis handling — bonus, split, rights, buyback, merger, demerger, consolidation. each adjustment cites the rule.
AIS / TIS / Form 26AS reconciliation — upload the downloaded files, diff against platform records, produce an exception report. the single most CA-hours-saving feature in the list.
advance tax estimator — quarterly 15/45/75/100% schedule, interest exposure under 234B/234C, live projection.
ITR form recommendation — ITR-2 vs ITR-3 with reasoning; schedule-level mapping (CG, BP, OS, AL, FA).
multi-year archive — filed years frozen, immutable snapshots retrievable for reassessment.

faq

questions we hear from serious traders and their CAs.

how is F&O turnover computed?: under the ICAI Guidance Note: absolute sum of profits and losses across all F&O trades in the year, per contract. we show the computation, not just the number, and flag when the 44AB audit threshold is crossed.
does Section 112A grandfathering apply automatically?: yes. for equity acquired before 01-Feb-2018, the cost of acquisition is the higher of the actual cost and the lower of the FMV on 31-Jan-2018 and the sale consideration. we store the 31-Jan-2018 FMV table as reference data; the CA sees the rule cited on every line.
how are STT charges treated?: STT is deductible against business income (intraday, F&O) but not against capital gains. the engine applies this correctly and says so on the export.
can my CA get access?: yes — a free CA read-only seat, scoped to tax data only, with its own audit trail. the CA never needs your login.
what if the rates change mid-year?: every computed figure stores the rule version that produced it. a recomputation of FY2023-24 uses FY2023-24 rules even when run in 2027. that is architectural, not optional.

if you're a CA → the free read-only seat and the referral loop

waitlist

the tax module ships by march.

time it to filing season. get on the list to be the first to test the export against your own portfolio.