Can I get the ITR filing due date extended?

Income Tax Act 1961 ITR Filing
18

Hi @Justin

Here are the answers to your questions.

  1. As per the recent budget 2023, FM announced that ITD wants to enable filing as well as the processing of ITR to be quick and seamless.
    So, it is expected that filing for FY 2022-23/AY 2023-24 shall begin soon.

  2. Yes, you will be required to file ITR 3 as you will be reporting intraday which is a speculative business income.

  3. Yes, you can claim all the expenses incurred for intraday trading as a business expense even under the new regime. Read more about the List of Expenses a Trader can claim.

Quicko automatically fetches your ITR Form Number upon entering the income situation, while filing your return on Quicko.

Hope this helps.