"CA Tirumalesh Malla is a practising Chartered Accountant based in Hyderabad, writing on income tax, GST, TDS and F&O taxation with a focus on the practical filing issues that trip up individual taxpayers and traders. He also builds free FY 2026-27 tax and finance calculators at calcguru.in to make everyday compliance simpler for taxpayers and fellow professionals."
The article explains how incorrect turnover reporting in ITR-3 can generate substantial tax demands and highlights the correct turnover computation method for F&O traders.
