Frequently Asked Questions

If your F&O turnover exceeds ₹10 crores (digital transactions) or ₹2 crores (non-digital), and your net profit is less than 6% of turnover, a tax audit under Section 44AB is mandatory. Aankda's F&O Tax Calculator flags this automatically in your report.

The report includes your total F&O turnover, net profit/loss, tax liability estimate under both old and new tax regimes, advance tax schedule (quarterly dues), interest under sections 234B and 234C, and ITR-3 schedule references for self-filing or sharing with your CA.

Currently all tools support Zerodha — including contract note PDFs for the F&O Tax Calculator, holdings XLSX for the Portfolio Health Check, and tradebook CSV/XLSX for the Returns Tracker. Support for Groww, Upstox, and Angel One is on the roadmap.

XIRR (Extended Internal Rate of Return) is the only honest way to measure investment returns when you invest at irregular intervals — which is true for almost all retail investors. Simple return percentages ignore the timing and size of your investments, making them misleading. Aankda's True Returns Tracker calculates your exact XIRR using live NSE prices.

Under current tax rules (post Budget 2024), long-term capital gains up to ₹1.25 lakhs per financial year are completely tax-free. If you have unrealised LTCG below this limit, you can sell and repurchase your holdings (tax harvesting) to book gains tax-free and reset your cost basis — effectively saving 12.5% tax on future gains. Aankda's Tax Harvesting Optimizer identifies exactly which holdings to sell.

For listed equity shares and equity mutual funds, gains on holdings sold within 12 months are Short Term Capital Gains (STCG), taxed at 20%. Gains on holdings sold after 12 months are Long Term Capital Gains (LTCG), taxed at 12.5% with a ₹1.25L annual exemption. Aankda's Capital Gains Statement uses FIFO matching to calculate your exact STCG and LTCG for ITR filing.

You set a target allocation (e.g. 40% large cap, 30% mid cap, 30% small cap). The tool compares this against your current holdings and generates a tax-optimal sell/buy plan — prioritising selling loss-making positions first and avoiding triggering unnecessary LTCG.

Yes. Your uploaded files are processed securely and not shared with third parties. For the F&O Tax Calculator, files are deleted after processing. For portfolio tools, your data is linked only to your account and never sold or used for advertising.

No. Aankda's tools are designed to give you accurate, ITR-ready numbers and help you make informed decisions. For complex situations — business income combined with F&O, multiple asset classes, or high-value transactions — we recommend consulting a qualified Chartered Accountant.