New Delhi, July 8 -- Do you actively trade in equities? Do you know the tax liabilities required to be met? Filing income tax returns has become more detailed for individuals engaged in intraday and futures & options (F&O) trading in AY 2026-27.

The latest ITR forms now require such taxpayers to make additional disclosures. Thus, it is indispensable for traders to report their income accurately and choose the correct return form for tax submission.

Here are five key points you should consider before submitting your tax returns.

Most intraday and F&O traders are required to file ITR-3, as intraday trading income is treated by the tax authorities as 'speculative business income', whereas F&O income is classified as 'non-speculative busin...