Traded F&O in FY25? Your ITR Deadline Isn't July 31
If you did F&O or intraday trading in FY2024-25, your income tax return deadline is NOT July 31. It is October 31, 2025, because your gains count as business income and need an audit.
Missing the right deadline costs ₹5,000–₹10,000 in late fees — that's 2 months of chai and breakfast!
Your ITR deadline is 3 months later if you traded F&O or intraday
Key Takeaways
Check your trading account statement now — if you executed even one F&O or intraday trade in FY25, you must file ITR-3, not ITR-1 or ITR-2.
Calculate your trading turnover using the correct method (absolute profit + absolute loss for F&O) and hire a CA if it crosses the audit threshold.
Do NOT wait until October — start gathering your profit/loss reports, broker ledger, and 26AS/AIS now to avoid last-minute filing errors.
If you did F&O or intraday trading in FY2024-25, your income tax return deadline is NOT July 31. It is October 31, 2025, because your gains count as business income and need an audit.
Here's what happened: F&O trading is classified as non-speculative business income under the Income Tax Act, while intraday stock trading is speculative business income — both require ITR-3.. Taxpayers whose trading turnover crosses the audit threshold (₹1 crore for intraday, ₹10 crore for F&O with digital transactions) must get a tax audit done first.. The deadline for audit cases is October 31, 2025 — not July 31, 2025, which applies only to salaried individuals with no business income..
What you should do: Check your trading account statement now — if you executed even one F&O or intraday trade in FY25, you must file ITR-3, not ITR-1 or ITR-2.. Calculate your trading turnover using the correct method (absolute profit + absolute loss for F&O) and hire a CA if it crosses the audit threshold.. Do NOT wait until October — start gathering your profit/loss reports, broker ledger, and 26AS/AIS now to avoid last-minute filing errors..
Even if your F&O trades resulted in a net loss, you MUST file ITR-3 before the deadline to carry forward those losses and offset them against future gains.
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- [1]“Did F&O or intraday trading last year? Your ITR filing due date isn't July 31” mint - money · 20 Jul 2026
This article is reported by GoCredit's Editorial Team based on the source above. GoCredit synthesises, contextualises, and adds India-borrower-relevant analysis. We are not the original publisher.