Listing gains on IPO depends on the holding period. This is true whether the stock is bought in IPO or post-IPO after the listing of the scrip begins. If holding period is less than a year it is considered as STCG and taxed @ 15%, if more than a year it is considered as LTCG and taxation is for 10%.
Please reply to this comment or make a separate video for Taxation for Sikkimese individuals for capital gains and dividends with respect to Section 26(AAA). Wound highly appreciate your reply.
My main takeaway from the video is that the government makes sure to squeeze all the way! First we pay tax on the money I earn through my primary profession. Then I pay taxes on any little money I manage to make by utilizing my already taxer money. Also, if I somehow manage to pick good stocks and have some dividend coming back my way, the government wants a share of that too! Dividends being taxed at the slab rate is really cruel. Most of the companies don't go beyond 2-3℅ dividend anyways. Outside of the stock market and other investments, we pay taxes on everyday spending also. Overall, it looks like this is not a system meant for middle class people unless you know how to sidestep your tax liabilities by fraudulent means.
Hi, What about SEBI Fees, Stamp Duty, Turnover charges, IPFT CHG, Brokerage Charges, IGST 18% on brokerage, IGST 18% on Charges, STT-DEL, STT-RND? Do we need to exclude above charges from profit and pay taxes ? or pay on total profit without excluding above?
I have a question, kindly answer it... Que: Im a Salaried person, have income from Salary and have income from selling MF and has LTCG of less than 1 Lakh in a financial year so do I need to file ITR 1 or ITR 2 as I dont need to pay any LTCG Tax... Please answer my question...
In the video it is mentioned that you can claim STT as an expense to reduce Capital gains tax liability. However, there are others who say you cannot claim it. Can someone please provide some clarity on this? Thank you
Student with no salary income or any other sources of income. Long term capital gains of 3.5 lakhs Short term capital gains of 77k Which itr form to fill? Should I file any? What’s my tax liability which is regime should I go for old one or the new one?
Hi, As your total income exceeds ₹2.5L, you will have to file an ITR. ITR-2 will be applicable in your case. LTCG up to ₹1L are exempt. The remaining LTCG will be taxed at 10% and STCG will be taxed at 15%. You can use Quicko's income tax calculator to calculate the tax liability under both regimes.
In case of Direct stocks investing tax harvesting isn't easy especially when we sell and buy it on the same day because it is treated as Intraday if we sell and then buy it on the same day but in case of mutual funds it is treated as long term investment only. So how do people investing in direct stocks book profits upto 1 lakh in a particular year and reinvesting it without it being treated as Intraday and also making sure we buy it at less price as compared to the price we sold it at
Sir please help with how should one file their taxes. If there are earnings from long-term capital gain is 1,00,00,000 Will they have to file their taxes according to the slab rate or 10%
You will have to file ITR-2 to report these gains. LTCG from listed shares is taxed at 10%. However, on income above ₹50L surcharge will be applicable.
If I receive Stocks worth >50K from my spouse then it will be non-taxable. So does it mean, do I have to avoid declaring it in ITR? If not, which section it would be falling into?
If someone buy a stock in March 20 and sold in April 1. The profit earned from the stock comes in STCG OR LTCG.. As the financial year changes..PLs reply
@@Quicko my profit is made with in the period of 10 months and the profit is not more than 50k thats not be taxed but you've given an example that a short term capital gain is 6000(1-15%)=5400 i am not ok with this one thats why i am asking bcz the similar case is happening with me If i reach out to quicko team then can i get any solution of my problem?
I am bit confused on this STCG. Assume my annual income is 2.5L 50K from salary or other income 50K from STCG 1.50L from LTCG Now i am in below the basic excemption limit, so now do i need to pay any tax or not?
Hi good evening Mr. Sonagara. Your platform doesn't let an HUF to file it's IT returns. Can you do something about it since you are the boss ?? I promise I will file my individual as well as HUF's IT Returns from your platform. Thank you.
Hi Mr. Prasad, We did support HUFs on platform for few years, but due to lack of awareness there aren’t lot of customers with HUF accounts. I will pass your feedback to team. We will put it on our roadmap. In the meantime you can still use our MEET advisory to file your HUF taxes.
Hello, You can opt for presumptive taxation if your turnover is below ₹3Cr, however, you will have to report 6% of the turnover or actual profit, whichever is higher, as your income. Moreover, presumptive taxation was introduced for small businesses that are unable to maintain books of accounts. In the case of trading, as the reports are readily available, it's better to report as regular business income.
Hey, In the case of business income(intraday & F/O trading), any course or subscription taken related to trading can be claimed as an expense. However, the same cannot be claimed in the case of long-term and short-term capital gains.
You will first have to calculate your tax liability. You can easily calculate your advance tax liability on Quicko and pay the tax on the Income Tax Portal after selecting the relevant assessment year and details.
If the MLDs were taken before 1st April 2023, they'll be taxed at 10% in the case of Long-Term and at slab rate in the case of short-term gains. However, if MLDs were purchased on or after 1st April 2023, they will be taxed at the slab rate irrespective of the holding period.
MLD purchase date is DEC 2019 & Exit Date is JULY 2023. But there where some changes to taxation on MLD's irrespective of holding period, will be charged as STCG at slab rates. Can you please clarify?
Taxation on traders❤
We have noted your request, stay tuned!
We need one video on traders as well.
We have noted your request, stay tuned!
Listing gains on IPO depends on the holding period. This is true whether the stock is bought in IPO or post-IPO after the listing of the scrip begins. If holding period is less than a year it is considered as STCG and taxed @ 15%, if more than a year it is considered as LTCG and taxation is for 10%.
Vedanta ❤
First dividend company in my portfolio
Do a video for "Income tax for stock market TRADERS"
You request is noted. Stay tuned!
Much needed video at this juncture of year
Taxes and taxes everywhere nothing left for traders👍
Quiz in between video is amazing ❤
Please do a video on tax of traders also
plz make video on Ltcg reinvested to buy property
Yes I want tax on Trade Income Sir
We have noted your request, stay tuned!
Really useful. Clear explanation.. Good work team
Please make a detailed video on the different ITR forms!
Taxation on Trader FnO only
We have noted your request, stay tuned!
Video on taxation for Traders
Timely and informative video, thanks ! Yes, another video on trading income is really welcome.
Thank You! We have noted your request, stay tuned!
Video on taxation for traders.
Taxation for traders needed
We have noted your request, stay tuned!
Amazing Video! Thanks this adds value! I have used your services and they are pretty neat!
Hi. Kindly make a video for option traders please
We have made a detailed video on taxation for traders. Do check it out on Zerodha's channel!
Pls have video for traders too. Thanks
Taxation for traders and demo on how to upload AIS and 26AS on glyde
Make video for taxation of traders
IPO may be STCG
Yes, you're absolutely correct. Listing gains earned from IPOs will be considered short term capital gains (STCG) and will be taxed at 15%.
Thanks 🙏🏻 this was helpful.
Great video sir
ऐसाही व्हिडिओ हिंदिमे रहता हमारे जैसे लोगोकें काम आता ,
Please make in hindi also .
Taxation for Traders(F&O)
We have noted your request, stay tuned!
A detailed video on different ITR forms please 🙏
Thanks for the suggestion. Stay tuned!
Please reply to this comment or make a separate video for Taxation for Sikkimese individuals for capital gains and dividends with respect to Section 26(AAA). Wound highly appreciate your reply.
I got ₹35 as my first dividend.
It still felt like I had won something😅
Yes! We totally relate.
Made one more video on Taxation for Traders
Taxation video on traders
Would also be helpful if you can drop a video on taxation for NRI's.
Thanks for the suggestion, stay tuned!
Video on Taxation for traders please!
We have noted your request, stay tuned!
Lobg term capital gains 54F
Also give the financial planning and independence blueprint as well.
Video on taxation for traders
We have noted your request, stay tuned!
Thanks
Taxation for trsders specially intra day
Listing Gains on IPO is calculated as STCG which is 15%...
Make a separate video for traders..
You're absolutely correct! Stay tuned!
Taxation for traders
We have noted your request, stay tuned!
My main takeaway from the video is that the government makes sure to squeeze all the way! First we pay tax on the money I earn through my primary profession. Then I pay taxes on any little money I manage to make by utilizing my already taxer money. Also, if I somehow manage to pick good stocks and have some dividend coming back my way, the government wants a share of that too! Dividends being taxed at the slab rate is really cruel. Most of the companies don't go beyond 2-3℅ dividend anyways. Outside of the stock market and other investments, we pay taxes on everyday spending also. Overall, it looks like this is not a system meant for middle class people unless you know how to sidestep your tax liabilities by fraudulent means.
Hi,
What about SEBI Fees, Stamp Duty, Turnover charges, IPFT CHG, Brokerage Charges, IGST 18% on brokerage, IGST 18% on Charges, STT-DEL, STT-RND?
Do we need to exclude above charges from profit and pay taxes ? or pay on total profit without excluding above?
more detailed videos on ITR forms, 54F, Setting off capital gains please
Thanks for the suggestion. Stay tuned!
taxation on traders pls
Taxation for traders 🙏
I have a question, kindly answer it...
Que: Im a Salaried person, have income from Salary and have income from selling MF and has LTCG of less than 1 Lakh in a financial year so do I need to file ITR 1 or ITR 2 as I dont need to pay any LTCG Tax...
Please answer my question...
Tatation trading
We need a video on income tax for trader
We have noted your request, stay tuned!
Explain ITR 2 for NRI for stock investment
1st comment and view❤😅
In the video it is mentioned that you can claim STT as an expense to reduce Capital gains tax liability. However, there are others who say you cannot claim it. Can someone please provide some clarity on this? Thank you
ITR filing is not opening in Glyde app. It says coming soon.
Taxation in option Trade
We have noted your request, stay tuned!
Traders
Investments can als9 be shown as business income as per circular no. 6/2016
Make a video on Traders making profit in FnO and also have a salary income. Please touch about Section 44A (if it is applicable)
Thanks for the suggestion, stay tuned!
Student with no salary income or any other sources of income.
Long term capital gains of 3.5 lakhs
Short term capital gains of 77k
Which itr form to fill?
Should I file any?
What’s my tax liability which is regime should I go for old one or the new one?
Hi,
As your total income exceeds ₹2.5L, you will have to file an ITR. ITR-2 will be applicable in your case.
LTCG up to ₹1L are exempt. The remaining LTCG will be taxed at 10% and STCG will be taxed at 15%. You can use Quicko's income tax calculator to calculate the tax liability under both regimes.
In case of Direct stocks investing tax harvesting isn't easy especially when we sell and buy it on the same day because it is treated as Intraday if we sell and then buy it on the same day but in case of mutual funds it is treated as long term investment only. So how do people investing in direct stocks book profits upto 1 lakh in a particular year and reinvesting it without it being treated as Intraday and also making sure we buy it at less price as compared to the price we sold it at
Taxation on tradets pls.
Sir please help with how should one file their taxes. If there are earnings from long-term capital gain is 1,00,00,000 Will they have to file their taxes according to the slab rate or 10%
You will have to file ITR-2 to report these gains. LTCG from listed shares is taxed at 10%. However, on income above ₹50L surcharge will be applicable.
@@Quicko so it means if i come under slab3 (30% tax) my equity income will be charged at 10% rate only?
What if sale proceeds from stocks are reinvested in other stocks even then you are liable for capital gains tax?
Taxation for traders video needed
We have made a detailed video on taxation for traders. Do check it out on Zerodha's channel!
If I receive Stocks worth >50K from my spouse then it will be non-taxable. So does it mean, do I have to avoid declaring it in ITR? If not, which section it would be falling into?
Gifts from are spouse are not taxable even if the value is above ₹50,000. However, you must report the income as "exempt income" while filing the ITR.
Video on 54F, please.
Thanks for the suggestion. Stay tuned!
What is my tax liability, when I buy an unlisted share, hold it through IPO and beyond 1 year of its listing ?
My total income is 2 lakh
And stcg is 1 lakh
Will I have to give tax
As total income is less than 7 lakh
I think you should make this video in Hindi Language also for Understanding taxation well...😊
If someone buy a stock in March 20 and sold in April 1. The profit earned from the stock comes in STCG OR LTCG.. As the financial year changes..PLs reply
Traders dude, investors hve a long wait
Pls make a video on taxation for traders as well!!
We have noted your request, stay tuned!
pls make a video for swing traders as well who trades on equity intraday or positional. Not FNO
Thanks for the suggestion, stay tuned!
Different ITR form
Stay tuned!
Please make a video for taxation for traders also.
We have noted your request, stay tuned!
Pls make a video on section 54 will be useful
Thanks for the suggestion. Stay tuned!
My capital gain is less than 1lakh in this financial year.Do i need to file itr
Need video on different types of ITR
We have noted your request, stay tuned!
So if i have income from salary of 5lakhs n from investment 1lakh. Do i have to use ITR2 form.
Yes, ITR-2 will be applicable in case of income from salary and capital gains.
Please make a video for traders as well
We have noted your request, stay tuned!
Cadila healthcare 1st share giving dividend
Is there any exemption limit for short term capital gains like the 1lakh limit for long term capital gain.
As of now, there is no such exemption for STCG. However, the basic exemption limit of ₹2.5L is applicable.
@@Quicko it means that person earning through STCG below 2.5 lakh ,
No need to pay tax?
@@Quickois ITR mandatory for trader and investors?
ITR 4
Taxation for Trade
We have made a detailed video on taxation for traders. Do check it out on Zerodha's channel!
Taxation on traders
Sir then what to do if short term capital gain is not more than 50k inr i am student then there will be no tax liability on this gain am i right sir?
As the total gains are below the basic exemption limit, there will be no tax liability.
@@Quicko my profit is made with in the period of 10 months and the profit is not more than 50k thats not be taxed but you've given an example that a short term capital gain is 6000(1-15%)=5400 i am not ok with this one thats why i am asking bcz the similar case is happening with me
If i reach out to quicko team then can i get any solution of my problem?
I am bit confused on this STCG.
Assume my annual income is 2.5L
50K from salary or other income
50K from STCG
1.50L from LTCG
Now i am in below the basic excemption limit, so now do i need to pay any tax or not?
Want to no taxation on traders who makes loss
Taxation on trader
Hi good evening Mr. Sonagara.
Your platform doesn't let an HUF to file it's IT returns.
Can you do something about it since you are the boss ??
I promise I will file my individual as well as HUF's IT Returns from your platform.
Thank you.
Hi Mr. Prasad,
We did support HUFs on platform for few years, but due to lack of awareness there aren’t lot of customers with HUF accounts. I will pass your feedback to team. We will put it on our roadmap. In the meantime you can still use our MEET advisory to file your HUF taxes.
Can option traders use 44Ad 6% rule
its a grey area which needs clarification
Hello,
You can opt for presumptive taxation if your turnover is below ₹3Cr, however, you will have to report 6% of the turnover or actual profit, whichever is higher, as your income. Moreover, presumptive taxation was introduced for small businesses that are unable to maintain books of accounts. In the case of trading, as the reports are readily available, it's better to report as regular business income.
thank you for the video
i have a question, if I took a monthly subscription for stock suggestion can I consider it as expense
Hey,
In the case of business income(intraday & F/O trading), any course or subscription taken related to trading can be claimed as an expense. However, the same cannot be claimed in the case of long-term and short-term capital gains.
@@Quicko thank you
How do I pay advance tax on my short term as well as long term gains from equity ?
You will first have to calculate your tax liability. You can easily calculate your advance tax liability on Quicko and pay the tax on the Income Tax Portal after selecting the relevant assessment year and details.
how are the market linked debentures taxed? Other than MLD income, i have only STCG & LTCG equity. Thanks
If the MLDs were taken before 1st April 2023, they'll be taxed at 10% in the case of Long-Term and at slab rate in the case of short-term gains. However, if MLDs were purchased on or after 1st April 2023, they will be taxed at the slab rate irrespective of the holding period.
MLD purchase date is DEC 2019 & Exit Date is JULY 2023. But there where some changes to taxation on MLD's irrespective of holding period, will be charged as STCG at slab rates. Can you please clarify?
Can one claim expenses related to business/trading expense in new regime?
Yes. You can claim expenses related to your business even if you are filing under the new regime.
Couldn't find link to HUF video
Do we have video on itr 2 filling?
We have noted your suggestion. Stay tuned!
15%टॅक्स
Tax on traders
For traders pls
We have noted your request, stay tuned!
Taxation on trders