What is ITR?

ITR (also MyITR / Tax Filing Pro on rajlabs.in) is a free web tool that helps Indian taxpayers and tax professionals prepare ITR-3 capital gains schedules without manual data entry. No sign-up required — just upload your broker P&L statements, AIS, and Form 16 PDFs, and the engine generates ready-to-file Schedule 111A, 112A, BP, and OS in seconds.

Built for FY 2025-26 / AY 2026-27, it handles both old and new tax regime comparisons, automatic Section 70-74A loss set-off and carry-forward, and exports an ITR-3-ready Excel report with per-schedule breakdowns. No account, no data stored — every file is end-to-end encrypted with RSA-OAEP and AES-256 before it leaves your browser.

How it works

Step 1: Upload

Drop your AIS PDF, Form 16 certificate, and Groww / Zerodha / Kotak Neo broker reports into the encrypted upload wizard.

Step 2: Process

The tax engine parses every document, extracts capital gains, dividends, interest, and salary data, then runs a 4-stage loss set-off engine.

Step 3: Export

Download Schedule 111A, 112A, BP, OS as CSVs for the ITR portal, plus a consolidated Excel tax report with master summary and rules reference.

Supported documents and brokers

Government documents

  • AIS (Annual Information Statement) — SFT-015 dividends, SFT-016 interest, SFT-017 equity/MF sales, SFT-17-BS(B) business turnover
  • TIS (Tax Information Summary) — Total income and tax details
  • Form 16 — Salary income, TDS under Section 192, and standard deductions
  • Form 26AS — Tax credit statement for TDS reconciliation

Broker P&L imports

  • Zerodha — Equity, mutual funds, intraday, F&O capital gains and P&L statements
  • Groww — Equity and mutual fund transaction history with buy/sell matching
  • Kotak Neo — Full broker report with derivative trades and cash segment data
  • Generic CSV/Excel — Any broker report with date, action, quantity, price columns

ITR schedules and tax computation

Schedule 111A — Short-term equity gains (STCG @ 20%)

Domestic listed equity shares and equity-oriented mutual funds sold within 12 months, taxed at a flat 20% under Section 111A. The engine automatically separates STT-eligible trades, computes consideration and cost of acquisition, and generates per-trade detail CSVs for direct upload to the ITR portal.

Schedule 112A — Long-term equity gains (LTCG @ 12.5% + ₹1.25L Exemption)

Domestic listed equity and equity-oriented mutual funds held for more than 12 months, taxed at 12.5% with a ₹1,25,000 exemption under Section 112A. Automatically applies Grandfathering FMV (Section 112A peak price on January 31, 2018) for pre-2018 equity acquisitions and creates the consolidated ISIN-wise 112A CSV template.

Schedule BP — Intraday & F&O Business Income (Section 28 & 44AB)

Intraday equity trades classified as speculative business income under Section 43(5), and Futures & Options (F&O) derivatives reported as non-speculative business. Computes Section 44AB turnover (absolute sum of profits and losses), checks tax audit applicability, and allows claim of genuine business expenses and depreciation.

Schedule OS — Dividends & Bank Interest (Section 56 & 57)

Dividends from Indian and foreign companies, bank interest, and other non-salary income. The tool applies the Section 57(1) 20% deduction cap on interest expenses and generates quarterly dividend accrual buckets for Section 234C advance tax interest computation.

Frequently Asked Questions (FAQ)

Which ITR form should I file for stock trading?

If you have delivery equity/mutual fund capital gains without business income, file ITR-2. If you did even one Intraday or F&O trade, you must file ITR-3 to report business turnover and Schedule BP.

How is F&O turnover calculated for Tax Audit?

Under Section 44AB as per ICAI guidelines, F&O turnover is the sum of positive and negative differences on each contract plus premium received on options sales. ITR calculates this automatically.

Key features

No sign-up, fully encrypted

No account required. RSA-OAEP + AES-256 encryption before files leave the browser. Zero PII stored.

4-stage loss set-off engine

Section 70 intra-head, Section 71 inter-head, Sections 71B-74A brought-forward losses, and Schedule CFL carry-forward with Section 139(1) compliance.

Schedule CFL dashboard

Interactive visual dashboard showing loss flow diagrams, CYLA/BFLA audit ledgers, and 8-year carry-forward countdowns.

ITR-3-ready Excel report

Consolidated Tax Audit Report.xlsx with master summary, per-schedule sheets, rules reference, and exact ITR portal field mappings.

Free · No sign-up required · End-to-end encrypted · Built by Raj Dubey