Your P&L Is Only One Part
of Your Trading Tax Position.
F&O turnover, intraday activity, delivery investments, broker charges, carried-forward losses, funded-trader payouts and crypto transactions can follow different reporting rules. We help you organise the transaction trail, identify the right tax questions and assess whether books, audit, foreign-exchange or virtual-digital-asset issues need attention.
Tax reporting and the legality of a trading or payout arrangement are separate questions. A tax return does not regularise a transaction prohibited under another law.
Trading Tax Pathway
Question 1 of 4Four short questions. The result routes you to the right review, it is not a tax calculation.
Select your activity
Choose Your Trading Profile
Equity F&O / Intraday Trader
Focus: Turnover computation, broker ledger, tradebook, realised P&L, charges, loss reporting, audit applicability and advance tax.
Delivery / Capital-Gains Investor
Focus: Capital gains versus business-income facts, corporate actions, cost basis, demat/broker reconciliation and ITR schedules.
Funded / Prop-Firm Trader
Focus: Contract and platform terms, nature of payout, performance/reward statements, payout route, foreign intermediary, GST/FEMA analysis and documentary evidence.
Crypto / VDA Trader
Focus: Exchange statements, wallet transfers, cost basis, VDA transfer reporting, applicable special tax/TDS provisions and notices or bank queries.
Algo / High-Frequency / Multi-Broker Trader
Focus: Complete data exports, API/trade logs, multiple broker consolidation, automated turnover calculation, data integrity and audit trail.
Understand the Main Tax Questions
F&O Turnover Is Not Simply Total Contract Value
Turnover for tax-audit purposes is determined under the applicable principles and facts; it is not automatically the total notional contract value shown on a broker app. Profit/loss, favourable and unfavourable differences, option sale premiums and other relevant items may affect the computation. The method used must be consistent, supportable and reviewed for the relevant year.
Losses Need a Reporting Strategy, Not Omission
The effect of trading losses depends on the correct head of income, timely filing, audit applicability and the provisions governing set-off and carry-forward. A low profit or a loss does not automatically mean an audit is required in every case, nor does it automatically exempt the taxpayer. Evaluate turnover, cash/non-cash receipts and payments, income declaration, other income and the applicable law together.
Prop-Firm Payout: Identify What the Contract Actually Pays For
A funded-trader platform may describe a payment as a reward, profit split, contractor fee, prize or another amount. The label alone is not conclusive. Review the agreement, who pays, what activity is performed, whether a simulated or live account is involved, where counterparties are located, payout terms, deductions and supporting statements. Then separately assess income-tax classification, GST, FEMA/RBI implications and foreign-remittance documentation.
Crypto: Separate Tax Reporting From Transaction Legality
Virtual digital asset provisions can impose special tax and TDS consequences. The exact treatment depends on the transaction date, asset, transfer, exchange and applicable law. Reconcile exchange statements, wallets, P2P transfers, fees and INR values. Do not treat every wallet movement as a taxable transfer without examining the facts, but do not omit taxable transfers merely because no cash was withdrawn to a bank.
Trading Records Health Check
Check all that apply
Turnover & Loss Data Checklist
A guided data-preparation list, not an audit calculator. An accurate turnover computation may require a tradebook-level review; this just helps you gather what that review will need.
This checklist does not calculate a definitive audit conclusion from a few inputs. A tradebook-level review is usually required for an accurate turnover figure.
Documents to Prepare
How the Review Works
Activity Mapping
Distinguish investments, business trading, prop-firm payouts and VDA transfers.
Record Reconciliation
Map broker/platform statements to bank entries and prior return disclosures.
Technical Review
Assess classification, turnover, audit, set-off/carry-forward, TDS and cross-border questions.
Action Plan
Filing/correction, documentation, notice response or ongoing accounting proposal, subject to engagement scope.
Common Mistakes
Frequently Asked Questions
Does every F&O trader need a tax audit?
Can F&O losses be carried forward?
Are prop-firm payouts always business income?
Is crypto taxed only when converted to INR?
Can you help with a frozen bank account or notice?
Does filing a tax return resolve FEMA concerns?
Turnover and Audit Applicability Review
A reasoned turnover computation, audit-applicability assessment and loss/set-off review based on your actual broker and platform records. Fixed-scope review; scope and fee confirmed after an initial discussion.
How an Engagement May Proceed
Fixed-scope review; scope and fee confirmed after an initial discussion.
One-time
Diagnostic & Position Memo
A defined-scope review of facts and available records, identification of principal issues and information gaps and a written action roadmap. Not every diagnostic necessarily leads to further work.
Milestone-based
Transaction or Proceeding Execution
Execution of the agreed work, such as submissions, appeal support, transaction analysis, reconciliation, applications or other relevant representation, within the firm's qualified competence.
Ongoing
Retained Compliance & Counsel
An agreed monthly or quarterly arrangement for relevant recurring accounting, GST/LUT, tax compliance, reconciliations, reporting and advisory support.
Services that can help
Get the Trade Trail Right Before Filing
Before filing, or before replying to a notice, map the trade trail first.