vinujaglan.com · Founder's official site Tax Guide for Share, F&O & Crypto Traders
Capital gains on shares and mutual funds, F&O as business income, intraday as speculation, crypto at 30% — and how to keep losses alive.
Your Tax & Compliance Picture
Three kinds of income
Delivery trades are capital gains; F&O is non-speculative business income; intraday equity is speculative business income.
Equity capital gains
STCG 20% s.111A→s.196; LTCG 12.5% above ₹1.25 lakh a year s.112A→s.198.
F&O turnover and audit
Turnover is the sum of absolute profits and losses of each trade. The ₹10 crore audit limit applies for digital transactions; earlier presumptive declarations can still trigger audit.
STT from 1 April 2026
STT rose to 0.05% on futures and 0.15% on options; STT on F&O is a deductible business expense.
Crypto and VDAs
Gains are taxed at a flat 30% with 1% TDS on transfers; losses cannot be set off or carried forward.
Keep losses alive
File ITR-3 by the due date: F&O losses carry forward for 8 years, speculative losses for 4.
Which return? ITR-2 for capital gains only; ITR-3 as soon as there is F&O or intraday income. Due 31 July (ITR-2) or 31 August (ITR-3, non-audit).
Everything You Need, in One Place
Common questions
Yes — and filing it on time is what lets you carry the loss forward.
Yes. Each SIP instalment has its own holding period; equity funds are long-term after 12 months, and debt funds bought from April 2023 are taxed at slab rates.
No. Crypto losses cannot be set off against any other income.
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