Normal business under section 44ad and FNO loss reporting

[Raghav Sharma]

One of my client have a business with Rs. 1.82 crore turnover (to be offered under 44AD presumptive) and an F&O loss of Rs. 19,500 on Rs. 1.42 lakh turnover (all digital) for FY 2025-26. Can I file ITR-3 with the Rs. 1.82 crore under 44AD and F&O as a separate normal business showing the loss - without tax audit u/s 44AB -?

Kindly guide on the matter.

AI Summary

Presumptive taxation permits eligible digital business receipts alongside separately reported futures and options losses, subject to turnover computation and eligibility checks.
Presumptive taxation under section 44AD may apply to an eligible main business with qualifying digital receipts, while futures and options activity may be reported separately as normal business income in ITR-3. Tax-audit exposure for futures and options depends on turnover computed under applicable audit principles, rather than broker-reported figures. Eligibility for presumptive taxation, the nature of the principal business, cash-receipt conditions, and correct computation of derivatives turnover require verification.