Mastering Income Tax Computation & Filing for Future and Option Loss | Share Market Guide
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- Опубліковано 28 вер 2024
- Welcome to our comprehensive session on Income Tax Computation and Income Tax Return Filing, specifically focusing on Future and Option Loss in the share market. Whether you're a seasoned investor or a beginner, understanding the intricacies of tax filing for share market losses is essential. In this detailed tutorial, we will guide you through the process step-by-step, providing valuable tips and insights to optimize your tax returns and minimize your tax liabilities. Watch the full video to gain expert knowledge and confidently manage your taxes in the dynamic world of investments and trading.
Overview of Share Market Video - • Complete Guide to Indi...
Audit in case of FnO - • Tax Audit Limit for AY...
Depreciation Video - • ITR Computation के लिए...
Computation Sheet - bit.ly/44DG2Ab
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Disclaimer- Although all provisions, notifications, updates, and live demos are analyzed in-depth by our team before presenting to the public. We hereby provide our point of view only and tax matters are always subject to frequent changes hence advisory is only for the benefit of the general public. Hence neither Fintaxpro Advisory LLP nor its designated partner is liable for any consequence that arises on the basis of UA-cam videos.
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Computation Sheets & Video Links as discussed in videos
Overview of Share Market Video - ua-cam.com/video/Q23trzktnk4/v-deo.html
Audit in case of FnO - ua-cam.com/video/rLITnVZZK9A/v-deo.html
Depreciation Video - ua-cam.com/video/g1_EVSx0zMk/v-deo.html
Computation Sheet - bit.ly/44DG2Ab
F&O- Option ka loss ka setup Intraday profit se addjust hota hei kya ?
@@Sahoo101 Yes
Thank you so much for your help. i would love to join the course of taxation because the way you explain everything is really very good that everyone can understand
Thank you sir for your step by step guidance . Filled ITR 3 with FnO loss through this video only.
bhai -15 k loss he mera or koi other income nhi , still bharna padega kya tax itr
@@bnfbull
Bharna padega ..sir ne method bataya hi h
Sir ji mere fy 2023-24 me f&o mere ko 90k ka losss hua hai to RTI fill kaise kare demate ka statement dena hai ya bank ka
Sir apki video bahut helpful hoti h.... thank you so much sir......
One of the best video solution for itr 3 tax filing awesome ❤
Sir you may be junior to me but I respect you as my invisible Guru
Sir hats off to you 😊
sir , -15 k loss pr it tax bharna padega kya , with no other income
Very gud information sir...pura video dekha hai aapka bahut acche se smjhaya hai aapne..
Sir during session you said sorry for long session, Pls dont say sorry, you have taught us a lot without any fee. TYSM
Bhai, I was going to comment the same
Where you entered Fno turnover and buying value, selling values?
Please make a video on the treatment of open fno positions at the end of the financial year which are closed in the next financial year. How to account for such transactions in pnl and balance sheet. Thanks
Sir what about assessee doing some normal business and having FnO losses also... In that case if i wish to show my normal business under presumptive still I'll get audit applicability????
I have 1 transaction in intraday by accidentally, can I file itr form 2 for short term & long term gains, please clarify.
ITR 3 m FnO ki turnover nahi dalte kya😊
Bhai bhot achi trah samjaya h aapne 🥳🥳🥳 thanks bro... 🎉
Sir bilkul isi tarah se ITR3 file karne pe ye warning aa rahi hai validation page pe. Please make a video on how to resolve this issue
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.
Bro, where you entered Fno turnover in this ITR?
Unable to understand Intraday Turnover calculation. Can you explain how it is so less.
Soooper like.....I did all my returns by myself.
But how do we get transaction charges and brokerage from dhan account???
This turnover rule are also apply in commodity and currency f&o?
Sir, Commodity ka loss ko F&O main consider karte hain kya??
Sir, my salary income is 6 lakh and f&O loss is 3.77 lakh. do I have to go through tax audit?
What if turnover is more than 1 crore but less than 10 cr, but there is loss to be claimed, is there a need for tax audit, if 44AD never opted earlier?
Not required
If there is other business for which assesee wants to file return us 44ad and for f and o business normal trading then what to do
600000 profit in readymade garments business and 50000 loss in F&O. F&O loss whether set up or not in Garment business. On how much income I have to pay tax.550000 or 600000.
thank you so much Vivek sir... very useful video
The session is very informative
Thank you
How Trading in currency would be treated in ITR?
Jiaka Audit hua h FnO Ka uska itr ka video dliye sir kindly
Can you please make a video on share trading and presumptive business combination
I have a doubt about intrest from saving bank which is cover under 80tta thn y its setoff against our losses..could u tell me the reason pls..
Sir me 2 business dikha skta hu kya
Ek 44AD business jiske profit more than 18per h
And ek normal business jisme F&o loss hai speculative loss h
Or usme us business related bs fill kr du.
Or since loss carry forward hoga nhi kyuki wo setoff ho jayegaa with 44AD business.
Toh kya koi dikkat hogi isme?????
Sir 80 tta ka deduction mila hi nahi...apne tho loss se set off kar diya
Sir mujhe ay 22-23 me 2lakh ka loss dikhaana tha, par mene itr file nehi kiya. Kya me ay 2024-25 me itr file kar sakta hun???
Very useful sir...
Thanks...
Sir, my salary income is 7 lakh and f&O loss is 4 lakh., turn over 43 lac do I have to go ,kia mughay books of accounts karna hai, if yes, please send me proforma for books of accounts
Thank you sir
hi nicely explain
Great explanation
POV of FnO trader : Sirji, itna calculation hamse na ho payega. Hum ek bar sideways market se paisa kama lenge par itna calculation..na baba na,,😮😅..Agli bar aap hamse report le lijiyega and hamara ITR bhar dijiye...😂..
Sideways market 🤣🤣🤣
Sir Kindly send Calculation excell sheet for understanding matter
I lost 15lac fand o . Iunderstand all but no ability at age 68 . Can I show only loss .
Sir please upload profit from fno & intraday profit excel sheet please
It is of great help 🙏🙏
How I can contact you for filling ITR. Charging for salary person+ stock market
+91-9718097735 or info@fintaxpro.in
27:07 time stamp
By mistake while filing salary return i forgot to claim my f and o losses ...now can i revise the same ro claim losses ...please please guide
Yes you can
Hellos sir. Can F&O loss can be set off and carry forward under new tax regime?
Yes
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Sir mujhe f and o mein loss hai 8500 ka. And pehle mein apni itr file 44ad m krta tha. To kya ab mujhe itr 3 file krni pdegi normal account m?
Ya mein aone business ko 44ad mein and loss ko normal account m show kr skta hu?
If in current year i have income from STCG, LTCG, & FnO and previous year i had loss in FnO. when i brought forward those FnO losses this year they will be adjusted against which income ?????
because when i do so losses are adjusted just against FnO income of this year only automatically in ITD portal. Remaining losses are Carry Forwarded for next year. But you said that FnO losses can be adjusted against any income except salary. please clarify .
Thanku !!! Same as my condition. Very helpful to me.
Most welcome 😊
Mere ITR me itr1 ITR 2 ITR4 AA reha hai
ITR 3 nahi aa reha hai..Aisa kyu..mujhe to ITR 3 FILL KARNA HAI
Sir AY21-22 Fno का लॉस जो की itr 3 due date से पहले फाइल किये थे AY23-24 के itr3 मे auto मे show नही हो रहा है क्या करना होगा
Please reply
Sir mene P. Y me 44AD Opt kiya tha
Or is F. Y Me Meri Share market se Loss hai
To konse itr form fill karna hoga
I don't think that you have reconciled broker ledger with your book. It is important as it is to be matched with wach other.
Please revert
but jo hum....F&O m intraday kr rhe h kya intraday k under aayega ya normal business m he ??
Zeroadha is not provinding brokerage and other charges details for each scrip anymore . These columns are filled with 0s in my report.
FOr Speculative business I cannot seperate the charges. How to proceed
Same here
Amazing information about fno, all myths cleared 👍
Sir when I took the benifit of deduction under 80ccd (2) in case of govt. Employee and employer contribution 14% then what would be the method to avail the benifit firstly add into GTI then deduct under 80ccd(2) or directly deduct
Dividend bhi quarterly mangega....nahi to last me error aa jata hai
Not able to download computational sheet..please do something about it sir
Sir, FnO me agar profit hua hai, to use kahan bharenge PnL sheet me..
Sir long time hai aapka itr and gst ,tds ka agar hume 📞 karni hai to 📞 attend karte ho kya
F&O loss can be covered in capital gain from sold property??
Sir get us understood everything in very easy manner, we trust you absolutely.
Hello sir. Thanks for in-depth video on F&O trading calculation. Sir i have one query. i have traded in OPTION trading for FY 2022-23. I booked net loss for the same and my turnover was below 4 lakh. So during filing ITR 3 whether i have to maintain books of account or not??
Also, the transaction are less and turnover is also below 5 lakhs, it is compusolary to maintain books of account or file Balance Sheet in ITR3?
is there any vedio business income with F& N loss
Hello sir, it's a very useful video. Thanks for the effort you put in. I have one question: I have some F&O loss, which has been set off against income from other sources. But since my income is not exceeding a particular limit, I want the total loss to be carry forward to next year. Is this possible? or it is mandatory to set off the losses.
Please include English subtitles
Sir, kindly explain 44AD
Amg explanation
Kindly confirm that the turnover of fno as per ABS is to be shown in ITR or not.Do we directly have to put loss or profit to pgbp
We recommend to put realised PnL directly.
Already explained in video
@@FinTaxPro Thanks for the clarification,so basically the turnover is just to determine the audit applicability.
सर जी ऐसा भी वीडीओ बनाए जिसमे कैश , intraday FNO सभी में नफा हुवा हो , साथ साथ सैलरी कमीशन की आवक भी हो 🙏
uske liye already kaafi banani hui h humne
@@skillvivekawasthi लिंक शेयर करे जी 🙏
Excellent explanation in detail for filing IT Returns for Retailers doing Futures and options trading .
Thanks a lot.
very nice video
Thank you Sir, It was really a great learning about the subject. This type of leaning one seldom gets from You tube videos. Hats off to your effort and pain taken sincerely for the benefits of Traders. May God bless you and your family.
Glad it was helpful!
Again Rocked 😊🤟❤️❤️❤️❤️
Do u file itr
Sir agar private job ki bhi salary dikhani pade jisme form 16 kuch nhi milta jaise choti moti job dykaan me kaam kj salary wo kaha dalenge usme to employer ki detail jaise pan detail bhi maangta hain
No itr1 daal do ...koi employer ka details ki jturt nii h...sirf jitna salary h UTna dikha do
@@GAURAVSINGH-yh3mj Bhai uske sath stock market ka bhi hain.
Hello sir, I'm a beginner in stock market. I'm not a very good trader. I open my stock market in 2022 and it's going on till date. Sir I'm totally a loss making trader. Sometimes profit, sometimes loss, overall it's loss.. over 2 yr I loss total 75k approximately. My turnover Neve ever go 10cr. (Equity or FNO)
Now my question is, Sir did I fill up this itr file ? Or I leave it ? What happened if I don't fill up my itr file ?
Yes please file
@@FinTaxPro
yes sir. But one more question,
sir I'm not a salary person ? I'm a unemployed person and I loss again an again. If I'm not filling, Sir Have any chance to notice come from income tax department? Please 🥺 sir tell me, and help me out. I'm totally scared 😨 till last night.
Sir aapne pehle ki video me intraday equity loss ko speculative activity me put Kiya hai but is video me normal trading me Kiya hai pls clearify ?
Sir, f&o ka tax annually dena parta hai ya quarterly dena parta hai.. Pls bta dijiye
Can i claim gst,dp and amc charges expenses in fno if i treat trading as business income?
Sir, agar hame 2020-21 me fno me 1lakh ka loss hua ho aur fir 2024 me equity holding me 2 lakh ka profit to kya 1 lakh ke fno loss ko 2 lakh ke equity se hone wale fayde ke tax se adjust kar sakte hai .aur kya ye 8 saal Tak valid hai??
Suppose my F&O intraday trading turnover is 1 lack and my actual profit is 10000. Can I show 6000 presumptive profit, while filing ITR.
absolutely great help..!! Big thanks to you for such a wonderful and detailed explaination.
Mai govt employee hu mai F&O mai trading krta tha pr ab maloom hua ki allow nhi to mjhe ITR 3 fill krna chahiye ya mhi
Koi notice to nhi aa jayeba
Department ya income tax se?
Salary income is approx.. 14L
And F&O loss is 1.5L approximately
I just want to know Audit needed to file ? And how much it costs approximately
Thanks. I did all it works for salary but I lost money and working
Power . I have interest income so need to do so . Your vast know help me .
Thank you Sir for this elaborative video... Sir ye to clear hua ki 8 yrs Tak loss carry forward kar sakte hai, lekin agar purane losses file nahi kiye to kya way hai usko file karne me... Thanks in advance 🙏🏻
Hi. I have filed my return without any carried forward losses from FnO and intraday. Now I want to carry forward my losses by filing revised return. By doing this can I carry forward my losses ?
If I was salaried but in previous years I also showed ttn income u/s 44ad , then tax audit application?
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Thank u for the effort and information. Is it short term and long term PNL in FNO?. If No why some broker give this information. Like BN Rathi. Give one vedio on consolidating the data from various broker data in to one usable form. This will be great help.
very well explained each and every step with reasoning , very nice
Thanks a lot
can you pls share link for guidance notes for turnover caln which you have mentioned in video.
amazing video.. best video seen till today.. thanks
Sir, i have loss of 12 lak in FNo trade, can I get some refund?