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ITR-3 document checklist

Pick your situation below and get the exact document list for filing ITR-3 as an F&O or intraday trader: identity and bank records, broker statements, turnover, capital gains if you also hold equity, and the audit report if one applies to you.

Do you also have salary income?

Which segments do you trade?

Is a tax audit applicable to you?

Not sure? Use the audit checker first, it walks through 44AB, 44AD and the 44AB(e) loss-year trap.

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Identity, bank and portal

PAN card

Needed for the return itself and to match AIS/26AS/bank records.

Aadhaar linked to PAN

Required for e-verification of the return.

Bank statements for every account used, full financial year

Confirms fund transfers to brokers, interest income, and matches entries in AIS.

AIS (Annual Information Statement) and Form 26AS from the income tax portal

Cross-check every entry against your own records before filing. Mismatches are the most common notice trigger.

Last year's ITR-V or acknowledgment

Needed to carry forward any loss declared in a prior year.

F&O and intraday trading

Broker Tax P&L statement, one per broker, for each segment you trade

The source for Schedule BP and Schedule P&L. Get one from every broker if you trade with more than one.

Contract notes or the full trade ledger for the year

Backs up the broker P&L statement if a report is incomplete or a trade is disputed.

ICAI absolute-sum turnover, computed separately for F&O and intraday

The turnover you enter in ITR-3 is realised P/L, not contract value. Confirm it with the turnover calculator.

Demat and trading account statement

Confirms holdings and account activity match the broker P&L.

Trading books (no audit)

Trading P&L summary: regular-scheme books, or your 6% presumptive working if opting 44AD

Non-presumptive ITR-3 filers still keep a P&L account and balance sheet. 44AD filers just need the presumptive workings.

Deductions and tax already paid

Investment proofs for 80C, 80D and other deductions you plan to claim

Only relevant under the old regime. Skip this if filing under the new regime.

Advance tax and self-assessment tax payment challans

Confirms tax already paid so it is credited correctly against your final liability.

This checklist runs in your browser only. Nothing is uploaded or stored. It is a reference list, not tax advice, verify what applies to you with a qualified CA.

Why traders file ITR-3, not ITR-2

F&O trading is non-speculative business income and intraday equity is speculative business income, both under the Income Tax Act. ITR-2 has no schedule for business income, so it cannot be used once either activity is present, even alongside a salary or capital gains from equity delivery. ITR-3 carries Schedule BP for business profit and loss plus the salary and capital-gains schedules ITR-2 also has, which is why it is the form most active traders end up filing. See the full breakdown in which ITR form for traders.

When the audit report joins the checklist

A tax audit under section 44AB, or the loss-year trap under 44AB(e), pulls Form 3CB-3CD into your document list. That report comes from your Chartered Accountant and has to be filed before the ITR itself, on a separate, earlier deadline. If you are not sure whether an audit applies, run your numbers through the audit checker first, then come back and toggle your answer above.

Common missing-document mistakes

The two that cause the most trouble at filing time: turnover taken from a single broker's Tax P&L instead of the correct combined ICAI absolute-sum figure across every broker you trade with (use the turnover calculator to get it right), and skipping the AIS and Form 26AS cross-check, which is the most common trigger for a mismatch notice after you file. To pull your turnover, audit position and advance-tax schedule from every broker automatically instead of assembling this list by hand, see Aktai Tax.

FAQ

Why do F&O and intraday traders file ITR-3, not ITR-2?

F&O trading and intraday equity are treated as business income under the Income Tax Act, non-speculative for F&O and speculative for intraday. ITR-2 only covers salary, house property and capital gains, it has no schedule for business income. ITR-3 includes Schedule BP for business profit and loss, so anyone with F&O or intraday activity has to file it, even if they also have salary or capital gains from equity delivery.

Do I need an audit report to file ITR-3?

Only if a tax audit applies to you. Use the audit checker to confirm your 44AB, 44AD or 44AB(e) loss-year-trap position first. If an audit applies, the Form 3CB-3CD report from your Chartered Accountant has to be filed before the ITR itself, and the ITR filing deadline extends to reflect that. If no audit applies, you file ITR-3 on the regular non-audit deadline with just your P&L and balance sheet figures.

What is the most common missing document when filing ITR-3?

A combined, correctly computed turnover figure across every broker. Many traders bring one broker’s Tax P&L and miss that turnover for audit purposes is the ICAI absolute-sum method, not the number some broker reports show. A close second is the AIS and Form 26AS check, skipping it is the most common trigger for a mismatch notice after filing.

Can I use this checklist if I only trade equity delivery, no F&O?

If you only hold equity for delivery with no F&O or intraday activity, capital gains usually go on ITR-2, not ITR-3. This checklist assumes at least some F&O or intraday business income. Toggle on equity delivery alongside F&O or intraday if you have both, the tool will add the capital gains document group on top of the trading documents.

Does this tool store or upload my information?

No. The checklist state lives only in your browser tab while it is open. Nothing is uploaded, saved, or sent to Aktai or anyone else. Refreshing the page clears your checked items.

Aktai Tax · for Indian F&O and equity traders

Know your trading tax position all year, not just in July.

Import your broker P&L, get ICAI-correct turnover across every broker, an honest audit-applicability check, an old-vs-new regime estimate, and advance-tax nudges. A clean, tax-ready report your CA can use. No bank linking, no e-filing access.

✦ ICAI absolute-sum turnover⚡ Advance-tax reminders🔒 No bank linking

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Estimates for your reference, verify with a qualified CA. For Indian traders.