Legal ADDA

Future & Options (F&O) Tax Audit

Are you searching for Chartered Accountant who can provide Future & Options (FO) Tax Audit Service? We can provide Income Tax Audit & ITR Filing Service for your F&O Transactions.

We are CA Near to your location for F&O Trader Tax Audit, F&O Transaction Book Keeping/Accounting, Filing of Tax Audit Report Online with Income Tax Return Preparation and Filing.

Legal ADDA will be One Stop Solution Provider for all your F&O and Stock/Share Market Transaction Compliance. Get your FO Tax Audit within 24 Hours.

Combo Includes F&O Tax Audit, Accounting, DSC and ITR Filing – Rs. 14000/-

Looking for F&O Tax Audit Service?

Future & Options Tax Audit by Chartered Accountant (CA)

Every Future and Options (F&O) Traders who is having turnover more than specified limit are required to get their Books of Account (F&O Transaction) Audited by Chartered Accountant before Filing of Income Tax Return for the Financial Year. Generally F&O Trader cross the limit of Turnover as the amount of transaction per trades are too high. Thus, Every F&O Trader are likely to fall in Income Tax Audit Limit. Section 44AB of The Income Tax Act governs the provisions of Tax Audit where all Person/Individual/Businesses required to complete Tax Audit from Chartered Accountant (CA) and submit Tax Audit Report on Income Tax Online Portal. We at Legal Adda provides Nearest Chartered Accountant (Tax Auditor) for your Future and Options Tax Audit for Financial Year 2022-23 (AY 2023-24). Connect with us for your Tax Audit Requirement, we will complete your Accounting, Audit and ITR Filing within 24 Hours.

What are the Documents required for Future & Options (FO) Tax Audit?

List of Documents required for Future and Options Tax Audit & ITR Filing.

1. Bank Statement (All Accounts)

2. Future & Options Trade Transactions Statement

3. Profit and Loss Account from DEMAT Broker

4. Capital Gain Report (Tax Report) From Broker

5. DEMAT & Trading Account Ledger Statement

6. Investment & Deduction Details

7. Other Income Details (Salary, Normal Business, Interest Income, House Rent)

8. Loan Statement (if Any)

9. PAN Card, Aadhar Card and Digital Signature (DSC if Available)

Who is mandatory required Tax Audit for F&O Transactions?

Individual/Person/Business/Company with below conditions are required to get their Accounts Audited by CA as per Income Tax Act. Such Audit Called as Tax Audit (Income Tax Audit).

Limit for Normal Business (Future & Options Considered as Business – Regular)

1. Anyone / FO Activist / Business  Having Receipt/Turnover More than One Crore in Financial Year


2. Any FO Trader / Business Turnover Less than One Crore but Having Profit Less than 8% (For Banking Transaction 6%) of Total Turnover


3. Business / Future and Options Trader Having Loss (Negative Income)

Tax Audit Required Mandatorily if Any Person is falling in any one condition of Above Limit.

(Limit for Who is opting Presumptive Tax are 2 Crore Turnover)

(Tax Audit Limit for Professionals like CA, Doctors, CS, Architect, Engineer etc are 50 lakhs Turnover/Sales/Gross Receipt)

Counting of Turnover for Future and Options Trader:

Each Transaction Margin or Result Amount will consider without Positive or Negative Figure on Cumulative Basis.

Eg. Future Trade 1 : Buying Rs. 1000 and Selling at Rs. 1500, Trade 2 : Buying Rs. 2000 and Selling Rs. 1800 then Turnover will be 700 (+500 & -200 sum without Negative Sign). Options Trade – Amount of Premium is Turnover.

Future & Options Tax Audit Service Near You

Tax Audit Combo for F&O Traders

We are having specialization in Future and Options Book Keeping, Get Their Accounts Audited by Nearest Chartered Accountant Available for Income Tax Audit, and File Income Tax Return (ITR) for F&O Activity. Our Package for F&O Clients Includes

1. Books of Account Preparation with Complete Account Finalization

2. Preparation of Final Profit and Loss Account, Balance Sheet and Computation of Income Tax (with Tax Planning)

3. Tax Audit for F&O Trading (CA Audit Report & Summation on Income Tax Portal)

4. Preparation and Filing of ITR for F&O Clients.

(Package Includes Digital Signature required for Tax Audit and ITR)

Process of Future & Options Tax Audit

How can you avail our Service for Tax Audit of your Future and Options Transaction

Step 1 : Send us Required Documents – All Documents will be Available through your DEMAT and Trading Account Broker (Like Zerotha, Upstox, Groww, Tradebulls, Sharekhan) and Rest of the Documents are Bank Statement etc.

Step 2 : We will Prepare Books of Account and Final Profit and Loss, Balance Sheet and Computation of Income.

Step 3 : Our F&O Auditor Chartered Accountant Near to Me/you will prepare Draft Report of Tax Audit. We will Share Draft Report and Final Accounts for your Approval, You can review once and give us approval for Filing

Step 4: On your Approval, We will Submit Tax Audit Report (3CB-3CD) on Income Tax Portal, and File your ITR as per applicable Forms. 

Once all work finished, we will send physical Courier of your Tax Audit Report with CA Signed, Seal and UDIN with CA Certified Profit and Loss, Balance Sheet and COI to your location.