https://www.taxtmi.com/forum/issue?id=121093 Presumptive taxation of an ordinary business and separate reporting of a futures and options trading loss are considered for ITR-3 filing. The issue is whether business turnover may be offered under the presumptive taxation scheme while futures and options activity is treated as a separate normal business and its loss is disclosed independently, without a tax audit. The query also concerns the relevance of digital futures and options transactions to tax-audit applicability. en-us Fri, 28 Aug 2026 20:38:21 +0530 Fri, 28 Aug 2026 20:38:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=121093 Presumptive taxation of an ordinary business and separate reporting of a futures and options trading loss are considered for ITR-3 filing. The issue is whether business turnover may be offered under the presumptive taxation scheme while futures and options activity is treated as a separate normal business and its loss is disclosed independently, without a tax audit. The query also concerns the relevance of digital futures and options transactions to tax-audit applicability. Discussion-Forum Income Tax Fri, 28 Aug 2026 20:38:21 +0530 https://www.taxtmi.com/forum/issue?id=121093