Mai sallry person hu me, meri wife house wife Hain jiska dmat account main handle karta hai mere sallry ka paisa wife aacount me transfer kar ke long term and short term investment karta hu short term me 10k to 20 k profit hota hai to keya mujhe ITR file krna padega or jo main apni wife ke account me paisa transfer me raha wo kaise show hoga wife ke income ya gift, detail me bataye .
Sir, me MTF trading krta hu muze konsi ITR file karni chahiye kyuki me interest me ek achha amount pay kr rha hu 😂 and I want deduction for that interest amount. Please suggest
Income 7 lakhs above ko hi tax lagega as per new regime... Aur agar income hua hi nahi ho aur loss me ho toh kya hoga.. Example turnover 9 lakh Profit 4 lakh loss 5 lakhs In 1 lakh loss Toh isme tax dena padta hai ya sif mere loss carry forward hoga
This was the video, I was searching for sir.. Perfect video for salaried people with fno and intraday trading.. With the help of your video I filed my ITR3 with so much ease.. Your explanation of Broker statement and balance sheet was so simple to understand.... Thank you, Thank you, Thank you so much sir. 😊👍❤❤❤
Hey www.youtube.com/@CASumitSharma : do we have to consider the profit made from BUYBACK of equity? In the report from the broker it is mentioned as Non-Taxable Profit
sir I have a question.if any assessee have F&O & TRADING LOSS & also have other Business profit and previous financial year ITR filed under u/s 44AD then which select in this financial year for non audit cases??
Sir, If property buyer give chqs to seller in his name without crissing the chq ac payee only and he tooķ cash from bank. Any probmem for buyer? Chq details mentiined in registry
If I have filled ITR 1 before 31 July and I have received refund. But now I come to know that I can carry forward my options trading losses by filling ITR 3. can I fill ITR 3 as per old tax regime now?
Koi F&O me trading kar raha hoi aur Book of Account Maintain nai kar raha ho to kya ye person without Books of Account F&O ko trading ki income ITR-3 me dikhakar file kar sakta hai?
Sir, i am a salaried employee. Last FY i hv started trading. In which I got loss -72rs(buy value 313.75 and sell value 242) on STCG and in F&O loss -3942(buy value 130010 & sell value 126068) turnover is 32814. AIS shows only STCG amounts. Now my query -- may I fill ITR-1 bcz i don't want to carry forward my loss Or Is it mandetory to file ITR-3?? PLS help me??
Sir, I HAVE LOSS IN INTRADAY(RS.409)AND FNO (RS, 297). I AM A SALARIRD PERSON AND HAVE STCG PROFIT AND DIVIDEND INCOME. I Don't WANT TO CARRY FORWARD LOSS. WHICH ITR SHOULD I FILE? IF FILE ITR3, CAN I SHOW ZERO IN PROFIT SECTION OF INTRADAY AND FNO? PLS SUGGEST...
Sir, I have a profit of 3.5 L in equity short term trading, and 1 L profit in fno and commodity trading.. I have no any other income. Is this income of 4.5 L eligible to pay tax? Or will the tax be exempted against this income? .. Please answer. I heard that a total income upto 7 lakh is free from tax paying.
Sir, I HAVE LOSS IN INTRADAY(RS.409)AND FNO (RS, 297). I AM A SALARIRD PERSON AND HAVE STCG PROFIT AND DIVIDEND INCOME. I Don't WANT TO CARRY FORWARD LOSS. WHICH ITR SHOULD I FILE? IF FILE ITR3, CAN I SHOW ZERO IN PROFIT SECTION OF INTRADAY AND FNO? PLS SUGGEST...
Dividend error Verification, error found In Schedule OS/ Schedule EI, the amount of dividend income mentioned is cannot be more than the dividend income reduced from Schedule BP;#;Kindly ensure that dividend income mentioned in schedule OS or schedule EI should be equal to dividend income reduced from Schedule BP. How to solve it sir Please provide one video
please let know if in case only two/three transactions related to F&O are there should I need to select ITR3 or ITR2 is good. As you mentioned to show that in Short Term capital gain
Sir, Zerodha mein jo tax pnl ka report hai us mein equity sheet mein sab expenses ko ek saath zerodha dikha ta hai jisme Intraday, Short term, Long term sab ek saat hota hai . Hum kya un sab ka total ko other expenses ke category men dikha sakte hai?
Just put the figures in required place Alternatively you can take our professional services You can take our professional services 8875042000 8875242000
pls guide if I am having business income and filling ITR under 44ad....and now this year having 12k FNO loss also... Can I adjust FNO loss from my other business income without going through Tax audit.... FNO turnover less than 1cr...
सर मैने खुद ITR-३ फाईल किया आपके video को देख के बहुत धन्यवाद सर सर एक ऐसा video बनाये हर सेक्सन बरिकी से सम्जाये और balance sheet कि तयार करके जिसमे सब हो ऐसी पैसे ले के दो हमे आपके ज्ञान सही तरीके से फायदा हो सके😄subscraibe, like कॉमेंट के अलावा और कूच होता तो मै उसे भी दबा लेता😆😆 धन्यवाद सर
Sir main gov salaryed employee huu. Main ne pichli year kuch f&o trade kiya tha aur main loss me hu. Kay main itr 1 var sakta hu. Mujhe loss ko aage carry nehi karna.
@@CASumitSharma itr 1 me varunga to tax department se notice to nehi milega. 5lac loss hain f&o me sath me 37lac ka turnover hain. Itr 1me koi problem nahi hoga na sir.
@CASumitSharma sir maine fy 23-24 ki return jaldi bhar di thi jisme meri total income 119000 dikhayi thi jo ki sahi thi aur wo process ho gayi hai all clear then kuchh time baad ais me kuchh amount increase ho gaya tha jisse meri income 119613 ban rahi thi to maine aapke kehne par itr revised file Kar di hai bilkul ais ke hisaab se ab wo process me hai but maine pehle bhi aur ab revised me bhi ppf ka interest show nahi Kiya hai to koi dikkat to nahi hai in future me
Sir, I have an urgent question. This fy( 2023_24), I have done no intraday trading or F n O transactions. However, I have carried forward earlier F n O losses( approx 10 lakhs) in fy 2021-22 by filing ITR 3. Do I also need to file ITR 3 for this ay 2024-25 to carry forward earlier losses , even when I have done no F n O or intraday transactions in ay 2024-25. For this ay, I have income only from salary and FD. Please guide, Which ITR to file, if I want to carry forward earlier F n O losses.
नहीं, आप पिछले साल के बिजनेस लॉस को ITR 1 में दिखाकर कैरी फॉरवर्ड नहीं कर सकते। ITR 1 केवल वेतन, एक घर की संपत्ति, और अन्य स्रोतों (जैसे ब्याज आय) से होने वाली आय के लिए है। बिजनेस लॉस को कैरी फॉरवर्ड करने के लिए आपको ITR 3 या ITR 4 का उपयोग करना होगा, जो कि व्यवसाय और प्रोफेशन की आय के लिए होते हैं।
Thank You so much sir. I am a salaried individual who has some investment income. I have some queries 1. When i received dividend from a company, TDS was already deducted but that was not reflecting in the ITR. i had to pay again. Do we need to pay the tax again or can we show the amout as there was no space for that? can you tell me how 2. Can i rent a office and pay rent (show it as expense) to offset stgc and ltgc if any? if yes, where to show it? 3. I can see you have claimed laptop. mobile and bike expenses. How can i justify the reason of bike if i get a notice? also will it offset my stgc and ltgc?
@@CASumitSharma did not get this one. can't i offset the depriciation expenses of bike, laptop and mobile with stgc and ltgc?(atleast show it as expenses) or is it only with intraday and fno?
Will try But it's last date today You can take our professional services We will be happy to Provide you our professional services 8875042000 (Call & WhatsApp) 8875242000 (Calling) 9694842000 (Calling)
SIR ITR ME TURNOVER 10 LAKH PAR 2 LAKH KA INCOME SHOW KIYA HAI and mode me RECEPT IN CASH DALA hai but Mera business cash and bank dono me hua hai But ITR 4 me receipt in cash me 10 LAKH show Kiya koi dikat to nahi hai
Thank you for the detailed video. If possible please explain the amount under "To Drawings" and "By Balance B/d" under the CAPITAL ACCOUNT data. (this part is not understood - what to fill here)....
Sir mera ek question hai Share market & mutial fund may mera 5 lakh transaction ho chuka hai share & mutail fund sell & buy korna per mera ko tax file korna pareyga 2024-2025 sir ji bolia
@@CASumitSharma 5 lakh transaction share & mutial funds, intra day korna por profit 10000 hua tha r loss 3700 hua tha mera others income nehi hai sir ji Tax file korna parega sir ji 5 lakh buy & sell transaction per ?
maine 1st time FNO trading kiya hai in year 2023-2024 and the profit after removing the brokerage charges is 1,31,600 rupees, but i have not included expenses like electric bill, internet expenses and depreciation, so while filing ITR3 in Audit information do i select to maintain books of account as YES as per Section 44A or NO ?? please confirm as there is confusion on the limit whether it is 1,20,000 or 2,50,000 or 1,50,000, please let me know in which category do i fall ? , Thanks in advance !
Respect Sir, I am a salaried person and i did intraday transaction and my intraday turnover is 57000 and loss is 18900. Then Audit is required or not and what should i do.. please guide
Sir If liabilities Amount is equal to Assets Amount, then what if I have not shown fixed assets value like mobile laptop & motorcycle in my previous ITR Filling? should I need to show them in current year? Please suggest if I Add these assets in current year for balancing Liabilities = Assets then it might not be questionable as per any of income tax procedure? because these assets I have from last 2-3 years. already.
I am a salaried employee having F&O loss of Rs.4600 and intraday of profit Rs.300 do I need to click yes in"are you required to maintain books of accounts" in audit information while filing itr3?
Generally, in ITR 3, STCG and LTCG are shown as Capital gains. Intraday gains as speculation and F&O as business income. Unlike this can we show all the mentioned incomes under only speculative activity? i don't have other income except incomes from stock market trading and investment. My consultant CA told me that these incomes can also be shown as speculative income. Is it correct?
how to show LTCG and STCG in business head as if i show in STCG and LTGG some tax libility will come but total income is coming 4.8 lakhs so if i show that equity profit also in business head then where to show?
ICAI Direct Taxes GPT 80ggc deduction me IFSC code kiska dalna hai GPT Section 80GGC of the Income-tax Act, 1961 provides deductions for contributions to political parties. For claiming this deduction, the IFSC code that needs to be provided would be that of the political party to which the contribution is made. This ensures the proper tracing and validation of the contribution through the banking channel. For further details, the deduction guidelines and procedural requirements under Section 80GGC can be found in the ICAI Guidance Notes and relevant tax audit materials. Can udyam registration re register once cancelled GPT Yes, once Udyam registration is cancelled, it can be re-registered. The re-registration process involves applying for a new Udyam registration using the Udyam Registration Portal by providing the necessary details and documentation again. This is similar to the initial registration process. It is important to ensure that the reasons for the previous cancellation are addressed before reapplying to avoid any issues during re-registration. LTCG STCG in business head GPT Long-term capital gains (LTCG) and short-term capital gains (STCG) generally fall under the head "Capital Gains" and not under the head "Profits and Gains of Business or Profession" unless specific conditions are met. The distinction depends on the nature of the transaction: Investment Purpose: If the shares or securities are held for investment purposes, the gains (LTCG or STCG) are taxed under "Capital Gains." Trading Purpose: If the shares or securities are held as stock-in-trade and traded frequently, the gains are considered business income and taxed under "Profits and Gains of Business or Profession." CBDT has issued various circulars to help distinguish between these purposes based on the facts and circumstances of each case.
I have invested 3,50,000 of capital in previous year in trading and I have a loss of 20,000. So liabilities total will be 3,30,000 so just to balance the balance sheet can I declare assets of only 3,30,000 even if I have more than that or not ? For example I can show bank balance as 3,30,000 even if it's more than 3,30,000 ?
F&O Sales value and Purchase value are just contract Amount. It is not actual sales and purchases. Now supppose if we show only net ptofit or loss from F&O, how AO would come to know about Turnover criteria for tax audit. Is it necessary to show contract value or absolute turnover in return ?
Sir, I have done FnO and short term trades in my groww account and I do not have any income as I was Student. So while filing ITR, in balance sheet section, How to calculate proprietor fund, can we just enter random number and then what to enter in application of funds ?
Fno loss 3.5 lac other head income 6.5 lac pls tell me any trick if I want to carry forward this loss for future years when my other head income is comes under taxable slab then I sett off. But now problem is Current year non taxable income ke sath sett off ho ja reha hai isko kese roke
Thanks for your kind support , here I need to know in balance sheet Colum where liabilities section what is ABC in 3rd line ? is it broker account like zerodha ,angle one or it is a bank account. please reply What it should be in other word or term?
First of all thanks to @Mr. CA Sumit Shrama for such helpful content. My que is: My father is a small businessman with an annual turnover of around 15-16 lakhs. He does not maintain books & accounts and has filed ITR 4 in previous years. But in FY 2023-24, he has made some short-term gains from stock market trading around Rs 33k. Which ITR should he file now?
सर आपने बहुत अच्छे से समझाया, अब बहुत आसान लगने लगा है।मने कई लोगों की video देखी ,मै बोर हो जाता था समझ नही आता था। आपने बहुत आसान बना दिया।
Thank you
Mai sallry person hu me, meri wife house wife Hain jiska dmat account main handle karta hai mere sallry ka paisa wife aacount me transfer kar ke long term and short term investment karta hu short term me 10k to 20 k profit hota hai to keya mujhe ITR file krna padega or jo main apni wife ke account me paisa transfer me raha wo kaise show hoga wife ke income ya gift, detail me bataye .
Gift k case me clubbing k provisions lagu honge
31 March ko proprietor fund ka bls demat account me kitna bls he uske base pr lena he ya bank account k base pr
Total assets k according
CA Sumit Sharma Sir, How I contact you for ITR Return File
Call/WhatsApp :- 8875042000, 8875242000
Mail Us :- casharma12@gmail.com
Maine intraday me 7 se 8 transaction kiye the jisse mujhe total 45000 ka profit hua hai .
Ab mujhe ITR 2 fill karna chahiye ya fir ITR 3?
3
You can take our professional services
8875042000
8875242000
Very informative...well explained 👏 👌
Thanks a lot 😊
Sir, STCG is 651000 and I govt. salaried person but intraday profit is only 18700 he.. Sir kya me itr 2 bhar shakta hu..
3 need to file
Sir, me MTF trading krta hu muze konsi ITR file karni chahiye kyuki me interest me ek achha amount pay kr rha hu 😂 and I want deduction for that interest amount. Please suggest
Fir to aaap business income dikhao
ITR 3
Income 7 lakhs above ko hi tax lagega as per new regime...
Aur agar income hua hi nahi ho aur loss me ho toh kya hoga..
Example turnover 9 lakh
Profit 4 lakh loss 5 lakhs
In 1 lakh loss
Toh isme tax dena padta hai ya sif mere loss carry forward hoga
No income
No tax
Loss can be carried forward by filing ITR before due date
This was the video, I was searching for sir.. Perfect video for salaried people with fno and intraday trading.. With the help of your video I filed my ITR3 with so much ease.. Your explanation of Broker statement and balance sheet was so simple to understand.... Thank you, Thank you, Thank you so much sir. 😊👍❤❤❤
Glad it was helpful!
Hey www.youtube.com/@CASumitSharma : do we have to consider the profit made from BUYBACK of equity?
In the report from the broker it is mentioned as Non-Taxable Profit
Yes
You can show it under exempt income
sir I have a question.if any assessee have F&O & TRADING LOSS & also have other Business profit and previous financial year ITR filed under u/s 44AD then which select in this financial year for non audit cases??
Need to check turnover and np this year
Audit may be required
Sir, If property buyer give chqs to seller in his name without crissing the chq ac payee only and he tooķ cash from bank. Any probmem for buyer? Chq details mentiined in registry
Problem to cash receiver
If I have filled ITR 1 before 31 July and I have received refund. But now I come to know that I can carry forward my options trading losses by filling ITR 3. can I fill ITR 3 as per old tax regime now?
Yes
Best explanation sir ...sir virtual currency kis schedule me show kre plz guide
VDA
Koi F&O me trading kar raha hoi aur Book of Account Maintain nai kar raha ho to kya ye person without Books of Account F&O ko trading ki income ITR-3 me dikhakar file kar sakta hai?
Yes
@@CASumitSharma kya kalo ITR-2 k under without books of Account (Equity STCG) and F&O ka loss ek sathe dikha sakte hai?
Please reply
If there is another business with F&O trading then we can proceed u/s 44AD presumptive scheme for that another business ?? Please reply
Yes
Thanks for sharing Helpful information 👍
My pleasure
Thank you
was waiting for this amazing video
Thank you
today evening after watching this video will File my ITR-3
All the best
Last 2 years ka losses and gains this year show kar sakte hai kya??
@@sekhar2214 nhi vo uss vkt hi file krne hote hai
Super information given..what is the fees charged by you for filling itr3?
Thank you
We will be happy to Provide you our professional services
8875042000 (Call & WhatsApp)
8875242000 (Calling)
9694842000 (Calling)
Sir, i am a salaried employee. Last FY i hv started trading. In which I got loss -72rs(buy value 313.75 and sell value 242) on STCG and in F&O loss -3942(buy value 130010 & sell value 126068) turnover is 32814.
AIS shows only STCG amounts.
Now my query -- may I fill ITR-1 bcz i don't want to carry forward my loss
Or
Is it mandetory to file ITR-3??
PLS help me??
Yes
@@CASumitSharma which one sir, ITR-1 or ITR-3
Great video 🎉
Thank you 😁
Sir,
I HAVE LOSS IN INTRADAY(RS.409)AND FNO (RS, 297).
I AM A SALARIRD PERSON AND HAVE STCG PROFIT AND DIVIDEND INCOME.
I Don't WANT TO CARRY FORWARD LOSS.
WHICH ITR SHOULD I FILE?
IF FILE ITR3, CAN I SHOW ZERO IN PROFIT SECTION OF INTRADAY AND FNO?
PLS SUGGEST...
Yes
@@CASumitSharma Sir,
Pls explain in detail if possible.
Sir, mujhe itr3 file karwana hai or audit bhi karwana hai f&o ,,ltcg,stcg
What are the charges of filling itr3
We will be happy to Provide you our professional services
8875042000 (Call & WhatsApp)
8875242000 (Calling)
9694842000 (Calling)
Brother your information is so standard, keep it up . God bless you.
Thanks, you too!
Sir, I have a profit of 3.5 L in equity short term trading, and 1 L profit in fno and commodity trading.. I have no any other income.
Is this income of 4.5 L eligible to pay tax? Or will the tax be exempted against this income? .. Please answer. I heard that a total income upto 7 lakh is free from tax paying.
Tax need to pay on STCG
3 lakh exempt
15% on 1.5 lakh taxable
Thanks for your kind comment@@CASumitSharma
Wow Sumit bhai mja aa gya🎉❤
SIR PLZ help me . Aaj last date hai.
31st march ki account balance and Investment Balance sheet me show krun.
Ya aaj 31st july ki
31st March ki details milna to bahut hi mushkil hai sir..
Krdo
good video bhai. pls tell can we include stt and ctt as expenditure in fno non speculative { commodity }?
Can take
Hi.. Can f&o loss be offset in equity capital gain.. I have stcg in equity and loss in f&o.. Also, how can I contact you. Thanks
We will be happy to Provide you our professional services
8875042000 (Call & WhatsApp)
8875242000 (Calling)
9694842000 (Calling)
sir on 31\3\2024 my zerodha account have 3 lakh rs, stcg investment is 2.5 lakh ,bank balance 50000 meri balance sheet kaise banagi?
Put all figures in assets side and take capital corresponding
Matlaab source of fund properitor mein total 3+2.5+50000=6 lakh likhna h.
Sumit sir, if you can provide the balance sheet format, which you shown in your video would be very helpful, Very helpful video
t.me/sumitsharma_ca/170
Sir,
I HAVE LOSS IN INTRADAY(RS.409)AND FNO (RS, 297).
I AM A SALARIRD PERSON AND HAVE STCG PROFIT AND DIVIDEND INCOME.
I Don't WANT TO CARRY FORWARD LOSS.
WHICH ITR SHOULD I FILE?
IF FILE ITR3, CAN I SHOW ZERO IN PROFIT SECTION OF INTRADAY AND FNO?
PLS SUGGEST...
Dividend error
Verification, error found
In Schedule OS/ Schedule EI, the amount of dividend income mentioned is cannot be more than the dividend income reduced from Schedule BP;#;Kindly ensure that dividend income mentioned in schedule OS or schedule EI should be equal to dividend income reduced from Schedule BP.
How to solve it sir
Please provide one video
Ok
@@CASumitSharma
Thanking you sir 🙏
Sir your videos are very important and helpful ❤❤❤❤
Thank you 👍
great
Thank you
Very nice and informative video. Thanks a lot❤
Most welcome 😊
thank you so much bhai
Most welcome
please let know if in case only two/three transactions related to F&O are there should I need to select ITR3 or ITR2 is good. As you mentioned to show that in Short Term capital gain
As per rule FnO is business income
And STCG is capital gain..
So take decision accordingly...
Either show in business or avoid
@@CASumitSharma thanks, Sumit ji
Sir, Zerodha mein jo tax pnl ka report hai us mein equity sheet mein sab expenses ko ek saath zerodha dikha ta hai jisme Intraday, Short term, Long term sab ek saat hota hai . Hum kya un sab ka total ko other expenses ke category men dikha sakte hai?
Na
Alag alag lene honge
@@CASumitSharma Thank u sir 😀
Very Informative ..can i get balance sheet excel format .
t.me/sumitsharma_ca/170
sir namaskar. How to make balance sheet to compile data before start filing ITR3.
Just put the figures in required place
Alternatively you can take our professional services
You can take our professional services
8875042000
8875242000
@@CASumitSharma I have loss in Option trading. what r charges for filing ITR3.
pls guide if I am having business income and filling ITR under 44ad....and now this year having 12k FNO loss also... Can I adjust FNO loss from my other business income without going through Tax audit.... FNO turnover less than 1cr...
Yes
Sir meri option turnover 1 crore 3 lac ho gyi hai kya muje esa var audit krvana pdega net loss mai hoon
No
Superb video for ITR 3👌👍🙏
Thank you 😊
सर मैने खुद ITR-३ फाईल किया आपके video को देख के बहुत धन्यवाद सर सर एक ऐसा video बनाये हर सेक्सन बरिकी से सम्जाये और balance sheet कि तयार करके जिसमे सब हो ऐसी पैसे ले के दो हमे आपके ज्ञान सही तरीके से फायदा हो सके😄subscraibe, like कॉमेंट के अलावा और कूच होता तो मै उसे भी दबा लेता😆😆 धन्यवाद सर
Haha
Thank you
Sir main gov salaryed employee huu. Main ne pichli year kuch f&o trade kiya tha aur main loss me hu. Kay main itr 1 var sakta hu. Mujhe loss ko aage carry nehi karna.
Yes
@@CASumitSharma itr 1 me varunga to tax department se notice to nehi milega. 5lac loss hain f&o me sath me 37lac ka turnover hain. Itr 1me koi problem nahi hoga na sir.
Muje ITR - 3 Form Bharna Hai
Please Bhar Do
You can take our professional services
8875042000
8875242000
sir Agar hame Options mein 2024 APRIL MONTH MEIN LOSS HUA HAI 2 months ago toh kya voh hame next year show karna hai ????????
After March 25
@CASumitSharma sir maine fy 23-24 ki return jaldi bhar di thi jisme meri total income 119000 dikhayi thi jo ki sahi thi aur wo process ho gayi hai all clear then kuchh time baad ais me kuchh amount increase ho gaya tha jisse meri income 119613 ban rahi thi to maine aapke kehne par itr revised file Kar di hai bilkul ais ke hisaab se ab wo process me hai but maine pehle bhi aur ab revised me bhi ppf ka interest show nahi Kiya hai to koi dikkat to nahi hai in future me
No problem
@@CASumitSharma thank u sir but one more question aap kabhi kehte ho ppf ka byaj bhi dikhaye aur ek taraf kehte ho no problem
Aapki dono return galat gayi hai...ppf ka interest dikhana padega...mere ek client ko to 10 Rs ke liye notice aaya tha bhai
@@CASumitSharma sir ye swapnil Mahajan kya kah rahe hain dekhiye zara
@@swapnilmahajan2191 to ab mujhe kya karna chahiye
Sir ITR 3 is form for both F&0 nd stcg...in caso of f&o loss nd stcg we have to file itr3
Yes
@@CASumitSharma how can I connect with you... Nd sir What's ur fee for filing
Sir, I have an urgent question. This fy( 2023_24), I have done no intraday trading or F n O transactions. However, I have carried forward earlier F n O losses( approx 10 lakhs) in fy 2021-22 by filing ITR 3. Do I also need to file ITR 3 for this ay 2024-25 to carry forward earlier losses , even when I have done no F n O or intraday transactions in ay 2024-25. For this ay, I have income only from salary and FD. Please guide, Which ITR to file, if I want to carry forward earlier F n O losses.
नहीं, आप पिछले साल के बिजनेस लॉस को ITR 1 में दिखाकर कैरी फॉरवर्ड नहीं कर सकते। ITR 1 केवल वेतन, एक घर की संपत्ति, और अन्य स्रोतों (जैसे ब्याज आय) से होने वाली आय के लिए है। बिजनेस लॉस को कैरी फॉरवर्ड करने के लिए आपको ITR 3 या ITR 4 का उपयोग करना होगा, जो कि व्यवसाय और प्रोफेशन की आय के लिए होते हैं।
Thank You so much sir. I am a salaried individual who has some investment income. I have some queries
1. When i received dividend from a company, TDS was already deducted but that was not reflecting in the ITR. i had to pay again. Do we need to pay the tax again or can we show the amout as there was no space for that? can you tell me how
2. Can i rent a office and pay rent (show it as expense) to offset stgc and ltgc if any? if yes, where to show it?
3. I can see you have claimed laptop. mobile and bike expenses. How can i justify the reason of bike if i get a notice? also will it offset my stgc and ltgc?
Dividend is taxable as per slab rates
TDS deducted 10%
And tax is need to pay as per tax slab
Rent can't offset against LTCG STCG
It can offset against intraday FnO
Not entire expenses
Depreciation of fixed assets can be claimed against intraday FnO
@@CASumitSharma did not get this one. can't i offset the depriciation expenses of bike, laptop and mobile with stgc and ltgc?(atleast show it as expenses) or is it only with intraday and fno?
The best video for understanding f&o, shares/mf capital Gains i have ever seen...Thanks sir....
Glad you liked it
Sir 3lakh k andar income ho toh share buy or intraday stgc mea itr 3 varke tax dena padta hai
No
Sir Itr 3 file karna he kitna charge lagega
We will be happy to Provide you our professional services
8875042000 (Call & WhatsApp)
8875242000 (Calling)
9694842000 (Calling)
It was very easy for me to make balance sheet after watching your video. Best informatic ITR related video. Thank you Sumit SIR
You are most welcome dear
Pl sir, do a video for filing ITR 3 in english for us South Indians
Will try
But it's last date today
You can take our professional services
We will be happy to Provide you our professional services
8875042000 (Call & WhatsApp)
8875242000 (Calling)
9694842000 (Calling)
SIR ITR ME TURNOVER 10 LAKH PAR 2 LAKH KA INCOME SHOW KIYA HAI and mode me RECEPT IN CASH DALA hai but Mera business cash and bank dono me hua hai
But ITR 4 me receipt in cash me 10 LAKH show Kiya koi dikat to nahi hai
No problem
Sir business income ke sath f&o loss kse show krna h p&l mei?
Plzz guide 🙏🏻
Show 2 different business
@@CASumitSharma Thank u sir🙏🏻😊
Thank you for the detailed video. If possible please explain the amount under "To Drawings" and "By Balance B/d" under the CAPITAL ACCOUNT data. (this part is not understood - what to fill here)....
Drawings is self personal expenses of owner..
Balance BD means brought down. You can take it in last after putting all actual data as round figure
Kya hame f&o loss dikhane ke liye p&l and balance sheet banana jaruri hai
Ji
👋👋👋 Thanks sir for details knowledge, GOD BLESS YOU SIR, THANKS AGAIN AND AGAIN
Best wishes
Sir,
I have Intraday and F&O transactions.
Will it be proper and systematic to show STCG LOSS in the Balance Sheet in ITR 3?
Kindly guide.
Yes
There is separate section for STCG LTCG in ITR 3
Sir can we setoff and carry forward f&O losses in new tax regime?
Yes
Turn over of fno 5 crore loss incurred 11 lacs ,tax audit required or not
Last tym 44AD me the to audit applicable hai
Sir mera ek question hai
Share market & mutial fund may mera 5 lakh transaction ho chuka hai share & mutail fund sell & buy korna per mera ko tax file korna pareyga 2024-2025 sir ji bolia
If Income cross 3 lakh then ITR filing mandatory
@@CASumitSharma 5 lakh transaction share & mutial funds, intra day korna por profit 10000 hua tha r loss 3700 hua tha mera others income nehi hai sir ji
Tax file korna parega sir ji 5 lakh buy & sell transaction per ?
ITR filing not mandatory in your case
@@CASumitSharma thank u sir ji
maine 1st time FNO trading kiya hai in year 2023-2024 and the profit after removing the brokerage charges is 1,31,600 rupees, but i have not included expenses like electric bill, internet expenses and depreciation, so while filing ITR3 in Audit information do i select to maintain books of account as YES as per Section 44A or NO ?? please confirm as there is confusion on the limit whether it is 1,20,000 or 2,50,000 or 1,50,000, please let me know in which category do i fall ? , Thanks in advance !
Better to do yes
bhai non salaried person ke trading account se f@o loss me itr kaise bhare
ITR 3 need to file
We will be happy to Provide you our professional services
8875042000 (Call & WhatsApp)
8875242000 (Calling)
9694842000 (Calling)
Sir how to file intraday loss and agriculture income, no F&O.
ITR 3 video already uploaded
Very good information Sumit ji
Thank you ji
Sir aapse itr3 bharwani ho to kya charges lagenge
We will be happy to Provide you our professional services
8875042000 (Call & WhatsApp)
8875242000 (Calling)
9694842000 (Calling)
Respect Sir,
I am a salaried person and i did intraday transaction and my intraday turnover is 57000 and loss is 18900. Then Audit is required or not and what should i do.. please guide
Audit not required
Sir, one doubt. Can I claim STT charged while buying stocks from F&O income as STT cannot be claimed from capital gains. Please help
The proportion of FnO can be claimed
Sir If liabilities Amount is equal to Assets Amount, then what if I have not shown fixed assets value like mobile laptop & motorcycle in my previous ITR Filling? should I need to show them in current year? Please suggest if I Add these assets in current year for balancing Liabilities = Assets then it might not be questionable as per any of income tax procedure? because these assets I have from last 2-3 years. already.
You can show them now
And equal amount in capital account
I am a salaried employee having F&O loss of Rs.4600 and intraday of profit Rs.300 do I need to click yes in"are you required to maintain books of accounts" in audit information while filing itr3?
Better to click yee
Generally, in ITR 3, STCG and LTCG are shown as Capital gains. Intraday gains as speculation and F&O as business income. Unlike this can we show all the mentioned incomes under only speculative activity? i don't have other income except incomes from stock market trading and investment. My consultant CA told me that these incomes can also be shown as speculative income. Is it correct?
Different income need to show in respective heads
how to show LTCG and STCG in business head as if i show in STCG and LTGG some tax libility will come but total income is coming 4.8 lakhs so if i show that equity profit also in business head then where to show?
ICAI Direct Taxes GPT
80ggc deduction me IFSC code kiska dalna hai
GPT
Section 80GGC of the Income-tax Act, 1961 provides deductions for contributions to political parties. For claiming this deduction, the IFSC code that needs to be provided would be that of the political party to which the contribution is made. This ensures the proper tracing and validation of the contribution through the banking channel.
For further details, the deduction guidelines and procedural requirements under Section 80GGC can be found in the ICAI Guidance Notes and relevant tax audit materials.
Can udyam registration re register once cancelled
GPT
Yes, once Udyam registration is cancelled, it can be re-registered. The re-registration process involves applying for a new Udyam registration using the Udyam Registration Portal by providing the necessary details and documentation again. This is similar to the initial registration process. It is important to ensure that the reasons for the previous cancellation are addressed before reapplying to avoid any issues during re-registration.
LTCG STCG in business head
GPT
Long-term capital gains (LTCG) and short-term capital gains (STCG) generally fall under the head "Capital Gains" and not under the head "Profits and Gains of Business or Profession" unless specific conditions are met.
The distinction depends on the nature of the transaction:
Investment Purpose: If the shares or securities are held for investment purposes, the gains (LTCG or STCG) are taxed under "Capital Gains."
Trading Purpose: If the shares or securities are held as stock-in-trade and traded frequently, the gains are considered business income and taxed under "Profits and Gains of Business or Profession."
CBDT has issued various circulars to help distinguish between these purposes based on the facts and circumstances of each case.
Thank you very much. I file ITR 3 first time. Should have done it long back. Lost big amt of fno loss. ।
👍
Best wishes
Sir balance sheet match nahi exp hai hi balance sheet blsahi se bata do
How to prepare balance sheet video already uploaded
I have invested 3,50,000 of capital in previous year in trading and I have a loss of 20,000. So liabilities total will be 3,30,000 so just to balance the balance sheet can I declare assets of only 3,30,000 even if I have more than that or not ? For example I can show bank balance as 3,30,000 even if it's more than 3,30,000 ?
Actual bank balance need to show
Sir m AY 23-24 f&o loses ko is AY m Cary forward kar sakta hu jabki mene us time ITR 1 bhara tha or dikhaya ni tha
No
Swing trading on equity come under itr 2?
STCG ITR 2
Me govt employee hu salary athai
And stcg me 6000 profit and f&o 27000 loss
Me abhi Mera loss nahi dekakhe direct itr 1 me fill kar sakta hi kya
3 need to file
F&O Sales value and Purchase value are just contract Amount. It is not actual sales and purchases. Now supppose if we show only net ptofit or loss from F&O, how AO would come to know about Turnover criteria for tax audit. Is it necessary to show contract value or absolute turnover in return ?
Not mandatory
Mera l.y ka return 44AD mein bhara hain to muje c.y. mein 44AD lena pdega na? C.y.mein only F&O ki income hi hain only..no other income..
Both options you have
Sir, I have done FnO and short term trades in my groww account and I do not have any income as I was Student. So while filing ITR, in balance sheet section, How to calculate proprietor fund, can we just enter random number and then what to enter in application of funds ?
Yes you can show
Round figure amount
Hello Sir, 15:25 pr Drawings 120000 kaha se liya?
It's as per your personal expenses
I taken 10000 per month
@@CASumitSharma thank you, aur balance b/d kya hota hai?
Fno loss 3.5 lac other head income 6.5 lac pls tell me any trick if I want to carry forward this loss for future years when my other head income is comes under taxable slab then I sett off. But now problem is Current year non taxable income ke sath sett off ho ja reha hai isko kese roke
System Jo kr rha hai wahi rhega
Intraday ka brokerage P&L me keu nahi hain?
Depend on broker to broker
Very well explained. 👌
Thank you
If I don’t have Passport or TIN then can I use PAN while filling schedule FSI?
You may try
Sir ma student hun mene short term capital gain kiya ha 40000 from stock market merko bhi itr file karna hai ? Ma job nhi krta
ITR filing mandatory if Income cross basic exemptions limit
Sir mene kbhi itr file nhi kiya merko iss baare mein knkwledge nhi ha aap plz ye btaye merko itr file krna ha ya nhi
H@@bgmihighlights099 h aap aaj hi itr file kr dijiye .
31st july last date hai..
Agar Kisi Ne Equity me Short term capital gain hua ho aur Future & Option me loss kiya hoi to is case me konsa ITR lagu hoga?
Please Reply👍
3
Jay Shree Ram Ke Baad Khuda Na Khasta, Hindu Hai K Nahi!?
?
Great, Excellent & Thanks.
Thank you 🙏
Sir mai blogging karta hu... Or sath me kuch stock market investment ke through profit kiya hai... To mai konsa itr file karu?
3
Sir
Thank you so much for your help full video
But sir
How to make balance sheet
Give format for make balance sheet please
Will send
Send your email id
Sir balance sheet only not understood. Remaining and all ok. How to prepare balance sheet? Any video or link to learn from it
Assets and liabilities need to mention
Thanks for your kind support , here I need to know in balance sheet Colum where liabilities section what is ABC in 3rd line ? is it broker account like zerodha ,angle one or it is a bank account. please reply What it should be in other word or term?
You need to show all broker's account
First of all thanks to @Mr. CA Sumit Shrama for such helpful content.
My que is:
My father is a small businessman with an annual turnover of around 15-16 lakhs. He does not maintain books & accounts and has filed ITR 4 in previous years. But in FY 2023-24, he has made some short-term gains from stock market trading around Rs 33k.
Which ITR should he file now?
ITR 3
@@CASumitSharma Thnaks for confirming.