Steps to Add Futures & Options (F&O) Trading Details in the myITreturn App

If you have earned income or incurred a loss from Futures & Options (F&O) trading, you can enter the relevant details while preparing your Income Tax Return through the myITreturn app.

Follow the steps below to add your Futures & Options details.

Step 1: Log in to the myITreturn App

Open the myITreturn app and log in using your registered credentials.

Step 2: Select the Member

Select the member or profile for whom you want to prepare and file the Income Tax Return.

Step 3: Choose Easy E-filing

Select Easy E-filing to proceed with preparing your Income Tax Return.

Step 4: Enable Futures & Options

On the income selection screen, enable the Futures & Options option to report your F&O trading activity.

Step 5: Proceed to the F&O Details

Continue through Easy E-filing and proceed to the section where your Futures & Options details can be entered.

Step 6: Enter the Required Details

Enter the required information relating to your Futures & Options transactions. Review the details carefully and click Save once all the required information has been entered.

Step 7: Review the Detailed Computation

After saving the details, you can check how the F&O income or loss has been considered in your return under Detailed Computation.

Review the computation before proceeding further with your Income Tax Return.

Important Points to Keep in Mind

• Ensure that the F&O figures entered in myITreturn match your broker statements and supporting records.
• Verify whether the amount has been reported correctly as a profit or loss.
• Keep your broker's tax P&L statement, transaction statement and other relevant supporting documents available.
• Review the Detailed Computation after saving the information.
• If you have multiple sources of income, ensure that all applicable income details are included before filing your return.

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