New Delhi, Aug. 3 -- If you are confused about how Futures and Options (F&O) trades should be reported in an income tax return (ITR), remember that they are treated differently from mutual funds or shares.

Income from F&O trading is classified as non-speculative business income and must be reported under "Profits and Gains from Business or Profession".

Here's what tax experts have to say about filing ITR for F&O trading.

"Individuals carrying on F&O trading generally file ITR-3 if maintaining regular books of account or ITR-4 if eligible for and opting for the presumptive taxation scheme under Section 44AD," said Nishant Shanker, Tax & Investments Expert, Navraj Global Advisors.

Siddharth Maurya, Managing Director, Vibhavangal Anukulk...