ITR-3 (Income Tax Return)

Mon, 11 May 2026 00:00:00 +0000

ITR-3 is the Income Tax Return form prescribed by the Central Board of Direct Taxes (CBDT) for individuals and Hindu Undivided Families (HUFs) who have income from profits and gains of business or profession. It is the form applicable to equity derivatives traders, intraday equity traders, freelancers, consultants, proprietors, and partners in a firm, among others. Where an investor also has capital gains income alongside business income, all income must be reported in a single ITR-3 return rather than splitting it across multiple forms.

Securities Transaction Tax (STT)

Mon, 11 May 2026 00:00:00 +0000

Securities Transaction Tax (STT) is a tax levied in India on the purchase or sale of securities listed on a recognised stock exchange. It was introduced by Chapter VII of the Finance Act 2004 and came into force on 1 October 2004. STT is collected at source by the stock exchange or recognised intermediary and remitted to the central government on behalf of the transacting party. It is distinct from income tax and is payable irrespective of whether the transaction results in a profit or loss.

F&O Taxation on WebNotes

ITR-3 (Income Tax Return)

Securities Transaction Tax (STT)