this video cleared my doubt aboot turn over.. i thougt that total transaction is my turn over, which has exceeded 2 cr. but after this video i got to to know that its just 2 lack this year.. thanks for the video for making me fear free.
While calculating turnover whether STT, brokerage, transaction charges, SEBI tax, stamp duty, etc should be added to buying & selling rate in case of intaday trading speculation business ?? kindly help..
Great job sir....... What u got from youtube I think that's little as compared to your devotion. Hat's off. Secondly I admire today's slide presentation its easy to understand. Thanks
Pease..I have questions..i am house wife and I just started to invest my saving into delivery based share trading..short term and long term both...if I i earn some profit from it then will i have to pay tax on it, if yes then how much and how? And one more question..is it compulsory to file return on demat account? Thanks , would be great help to clear doubts
Thank you sir.... This is really very important video... And recent videos are really good and became more simple to understand with the help of slides....
Sir, I thank you for making such wonderful videos. Sir, i am a government servant and because of lack of information i was indulged in intraday trading during the last financial year. I also incurred loss in that, but now I want to know should i file itr 3 and admit in there all the losses i had? Or, should i file itr 1 as i did in the past? Sir, also let me know what are the consequences of intraday trading for a government servant? Will i be fined for that? Or sonething else? I am worried thinking about any action from income tax department. Please guide me.
Sir, i have done trading in equity intraday and options only in FY 2018-19, So my turnover is Rs 983162 (Including both intraday & options) and overall profit is Rs 20637 (including both intraday & options). Am i falling under audit category ? As per information shared by you in video i am coming under audit category, but i consulted 2 CA they said no audit required. What is correct, pl. clarify if i am wrong.
Your video on taxation is quite informative. I have got three questions. Q1- Whether earnings from FNO intraday tradings of Indices (Nifty & Bank nifty) will be considered as Non-speculative business income. Q2- Whether intraday tradings in stocks will be considered as Speculative business income? Q3- Whether TAX AUDIT is mandatory even if either of three criteria is applicable? I have incurred a loss of 1.2 lakhs in FNO trades (Stocks & indices) but, total turnover works out around 36 lakhs. Whether tax audit is required to be done?. --Regards.
Thanks for the video, cleared most of the doubts. Audit requirements in respect of turnover & other conditions info require in detailed. Also filing of ITR2 & ITR3 help require.
sir, in beginning of video, you say sale amount of transaction is turnover. but I read somewhere that, it is profit or loss is turnover. further turnover is always positive, whether it is profit or loss. means one has go on adding profit and loss figures of transaction
You are right, Turnover is no of shares traded multiplied by difference of buy and sell price irrespective of sign. In the video turnover will be 3000 instead of 1000. Profit is 1000.
Hello Nitin Sir, can you please share the link for the video if you had already made any video on "how to file ITR3" for income from Salary, Intraday, Futures and Options (Intraday and Swings). If there is no video already, can you please make an effort and create one video for the same? Thanks in advance !!! Your videos really help us in the day to day activities.
Sir, what to do when my broker calculates turnover in wrong way ? I'm using Fyers and they are calculating TURNOVER in wrong way. I talked with them; but they are not agreeing that they are calculating in a wrong way. Please suggest me what to do.
नमस्कार सर जी, सर मेरा एक बोक्रर के पास ट्रेडिंग अेकाउन्ट हैं मेरे अेकाउन्ट मे सिर्फ 67000/- बेलेंस है. और मे रोज बोक्रर के मार्जिन से 15 -20 लाख का इन्ट्रा डे मे काम करता हु. तो सर जी मेरा रोज का टर्न ओवर कैसे गिना जायेगा. कृपया सलाह देने के लिए आपसे बिनती है. मै एक सेलरी पर्सन हु.
Need one answer.. Do we need to pay this all taxes separately or it wil be automatically deducted from profit when we sell our shares.. If need to pay separately plz tell. Thanks
sir meri 2 query h ,,,, intraday m turnover ka jo aapne btaya suppose pure saal m humne 2 trade kiye ek m 2000 profit hua or ek m 1000 loss hua to total turnover 2000- 1000 = 1000 hua iska mtlbb only profit hua whi turnover hoga ya fir suppose hmara loss 2000 hua or profit 1000 hua to total turnover 2000-1000 = 1000 hi hoga means dono situation m turnover equal hoga ... ya hum ye kh skte h ki jo amount jyada h profit ho ya loss usme s jo km h usko minus krke jo bchega wo turnover hoga.... dusri y ki speculative income ( intraday) k turnover k according income tax slab kya kya h ... usme max turnover kitna h jispe koi nil tax lgta h .. if u can tell all tax slabs aapki bht meharbaani hogi shrimaan.....
Dear Nitin sir, Thanks for sharing the very informative video. Please let me know one thing I have done f&o plus intraday with equity short-term gains. Do I have to get my tax audit done as the f& o is overall in loss while equity shorterm is in profit
In non-speculative business income from equity, business expenses given exempted like normal business or not? Expenses like office expenses include electricity, mobile, telephone bill, petrol bill, day to day tea expenses, any new facility purchased for office like personal computer, laptop or router or air conditioning exempted or given depreciation?? In short non-speculative business is same like other firms profit & loss account or different?? Thanks in advance
Total income from salary and bank FD interest is above taxable limit (Rs 7.0 lakh aprox ). TDS deducted on FD interest is reflected on 26AS. In options turnover is below 5 lakh and loss is 1.25 lakh. Wants to file ITR-3. Tax audit is necessary or not. Please guide urgently.
Very informative video, Nitin Bhai. Zerodha is following this method of computing turnover as you have mentioned. Please advise me if the same method is followed by AXIS DIRECT and if this method of turnover computation can be followed in IT purpose
Is deduction from gains or losses from trading available for brokerage paid, GST, STT or other charges captured as a part of contract notes issued by broker?
Suppose someone is facing loss in long term(after 3years of holding) but making profit in short term (suppose current year 20-21) Now if the loss in long term is more than short term gain then he have to pay STCG???or suppose long term loss is less than short term gain then also the amount will be write off?? Both cases are delivery based.pls reply sir
Sir, What if someone doesn’t have any other income apart from stock but overall stock market income is less than 100000 in particular fiscal year... is person eligible for Tax??
Very nice video sir.... Aam trader ko kitne turnover ke uper ITR bharna jaruri hai... Ya Loss huaa hai to bhi ITR bharna compulsory hai... Please reply karna DOST....
Thank u for posting such a informative video, Can u tell plz the business code in ITR 3 form for profits from futures trading in f&o segment in stock market
Sir, I do intra day trading and short term delivery based trading, my profit in intraday was 160000 and loss in delivery based buying and selling in short term is 44000 and sales value in delivery based short term is 16000000 ... do i need audit for stcg?
sir, you say profit 2000 and loss 1000 , so net turnover would be net 1000. but I UNDERSTAND THAT ACTUAL TURNOVER WILL BE 3000.MEANS WHETHER THERE IS PROFIT OR LOSS, FOR CALCULATING TURNOVER , PRIOFIT AND LOSS TO BE ADDED. PLEASE CONFIRM, THE CORRECTNESS. I READ IT ON ZERODHA VERSITY
Hi Nitin bhai The SBI Shares sold and purchased in two cases of 15000 and 9000 are on the same day only. Pls let me know the turnover for calculation of Rs.2 crores
मेरा प्रश्न आपसे ये है की यदि जैसे मैंने आइडिया के 10000 शेयर ₹5 के भाव में लिए तो मैंने ₹50000 की डिलीवरी उठाई । अब करीब 6 महीने तक मैं इंन शेयरो की डिलीवरी रखे रहा परंतु मैं डिलीवरी बेसड इंट्राडे करता हूं प्रतिदिन करता हूं , यानी इन 10000 शेयरो को हर दिन बेचकर खरीद ता हूं ,तो क्या ये इंट्राडे में गिना जाएगा या डिलीवरी मे ?
Video is very useful for capital gainer. Sir my query is supposed I earn capital gain 50000 upto 15.03.2018 and for the purpose of save income tax I sold my some position after 16.03.2018 and get 25000 loss. Then income tax calculated on capital gain on 50000 or (50000-25000) = 25000
One question In your mention that one has purchase share at 100 rs and sold at 120 rs... How does brokerage and other taxes that we pay like STT are handled here... Does the price you mention is after subtracting brokerage .
The threshold limit of Rs 1 crore for a tax audit. mean how i can do my tax audit. if i go with all segment addation (intraday + option and future ) then it cross 1cr . what can be possible .....
Video is very useful for capital gainer. Sir my query is supposed I earn capital gain 50000 upto 15.03.2018 and for the purpose of save income tax I sold my some position and get 25000 loss. Then income tax calculated on capital gain on 50000 or (50000-25000) = 25000
Hello Sir, First of all I would like to thank you for this valuable video. I have one question. In general I do trade in Option as an option buyer. If I take 2 trades in year, 1. Bought 1Nifty lot @10 and Sold @12 --> Turnover (75*12) = 900 2. Bought 1Nifty lot @10 and Sold @9 --> Loss = 75 -- In this scenario is it possible to written off 75 from 900 and I need to pay tax only of 825 ?? Am I right Sir?
Sir, pl.guide us What are Tax implications and exemptions available to shareholders for the following (1) Listed co's shares De- listed in 1992 and De- merged in 2011. They issued preferance shares w.e.f. appointed date 01.01.2016. A/ L of shares were on25.11.2016. These preferance shares were redeemed at a premium in April 2018 by the holding company which is a Pvt.ltd.company. Pl. Guide us what are the tax implications on tbe above. Thnks.
Hello Sir If we have frequent delivery trading in stock market but we have loss greater than profit then do we need to file ITR? If we need to file ITR then which one we have to fill? Please answer this query.
Sir main abhi ek bhi income tax nhi dyta tha kyu ki meri income farmer may h jo ki income tax free h Aur meri income certificate 40 hjar rupay per year h But ab jab hmny intraday intraday trading sy stock Market suru kiya aur hmara turn over 1.5cr aaya h ab bo tax audit Karny ko bol rhy h humy ab kya krna h Mager hmari income tho hui he nhi h khuch mager turn over aagya h Ab kya dhikana h humy Ek aur baat ager hmara turn over 2cr sy jada hota h kitna bhi jaisy 5cr, 10cr ,15 cr yaa kitna bhi ho. But income khuch bhi na hui ho sab loss may he Ho ya khuh bhi ho income bilkul na hui ho tho ish may humy kya krna hoga kitna tax dyna hoga ya yh free hoga
hi nitin bhatia ji. I am a pensioner of 60 years age and earning Rs.4.80 lacs p.a. and recently i have been doing intra day trades. pls once again clarify the following query. I have sold SBI 15000 shares [various timings in a day] @ 214 one day and bought the 15000 shares @ 212 and another day i sold 9000 SBI shares [various timings in a day] @ 208 and bought the same 9000 Sbi shares at the end of the day @ 207. What could of my turnover total in these two cases in calculating the Annual turnover of Rs.2 crores for Tax Audit purpose. and What is Absolute Profit total in these two cases. Is it the total diff. betwen sellinng price and buying price [positive] multiplied by no. of shares?. What is the turnover in these to cases to calculate the annual turnover. Please answer. Thank you.
Sir Govt employees are not permitted to do day trading f&o. Swing trading. Margin trading. Leverage etc frequent trading even on delivery basis is not allowed. Income tax department May be unconcerned but employer will have objection
Sir,, please suggest me, I have business income as 44AD and income from other sources as of FD's but loss of R's 245 from Shares, which itr must I fill , I do't interested to carry forward and set off of stc loss, Can I fill itr4.
Nitin sir please agar aap ek video banaye jismeh acche se bataye ki agar hum overseas stock buy kare to hume konsa aur kitna tax pay Karna hoga india meh...
Sir jo apne turnover btaya hai vo asal me net profit/loss hai agar possible ho to please intraday audit charge bta den. Audit se behtar rehta ham direct tax de saken govt ko jaise stt
Hi Nitin, I am working in IT sector and invest in share market. I am buying share for short term to gain profit. As I am a salaried employee, my gain will be consider under business or capital gain ? Thanks
Good Morning Sir agar maine sirf losses kiye hain stock market se. but my salary income is greater than tax limit. It means I have profit of less than 8% *from stock market* I want to ask:- Will this come under audict?
I have proprietor business and I do options trading thru personal account, and take the profit in business, so which ITR i have to file. This video was very useful for me. Thank you sir.
Sir, I am a government employee. Main pehle Intrday trading karta tha, ab main kya Karu? Mujhe nahi pata tha ki ek government employee intraday trading nahi kar Sakta. Please help me.
Agar kisi individual speculative,non speculative,short term deliveey aur long term delivery mein 10/12lakh each segment mein profit hota hai,to usko konsi ITR fill up karna chahiye??? Aur frequently trading ka koi profit limitation hai?? Kisiko 7lakh profit hua short term delivery mein usko kaise treat karna chahiye???flat 15prcnt tax?? Naki usko tax slab ke hisab se business income dikhano hoga??
Sir ek baat bata dooo.... Plzzz... Me ek government employee hu mughe 15000 ka short term gain hua hai... Toh kya mughe 15% ka tax dena hoga 15000 par..... Aur konsa form bharna hoga
Last 2 year I have fill itr sugam but in year 17.-18 I have intra day in last two months and get profit approx. 20000 and I also doing business which itr I should filled???
hi sir. if income from option is 90000 and turnover is less than 20 lacks . that is in my father account. he is age is 75. .and no other taxable income. whether Income tax filing to be done or Not. if yes in which form it need to be filed and in which head it Nedd to be declared.
Sir, major individuals in stock market are investor and trader at same time. request you TO give video on ITR-3, WHICH YOU HAVE ALREADY GIVEN , BUT GIVE SPECIFICALLY EXPLAINING HOW TO TAKE ADVANTAGE OF SECITION 44AD , AND GET RELIEF FROM CUMBERSOME PROCEDURE OF AUDIT. THANKS. SIR THIS WILL DEFINATELY THOUSAND OF INVESTORS AND WILL ENJOY SHARE MARKET , WITH PEACE
Sir, It was a very informative video.Please advice me on the error which I am unable to solve. The error is "TOTAL OF QUARTERLY BREAKUP IN STCG 15% IS LESS BY 58097". Rs.58097/- is my taxable income from stock market under STCG. Kindly Help.
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forex is legal in india
Tata power ke 50 shares 1 saal me kitna profit de sakta hai .
@NitinBhatia , Aaj jaise aapne samjhaya waise aaj tak kisi ne bhi nahi samjhaya tha. Sab ke sab Foreign words dalke confuse karte they. Thanks Guruji.
Excellent information Sir.This is a great eye opener for all
this video cleared my doubt aboot turn over.. i thougt that total transaction is my turn over, which has exceeded 2 cr. but after this video i got to to know that its just 2 lack this year.. thanks for the video for making me fear free.
If your turnover crosses 2crore tax audit required
While calculating turnover whether STT, brokerage, transaction charges, SEBI tax, stamp duty, etc should be added to buying & selling rate in case of intaday trading speculation business ??
kindly help..
Excellent and simple explanation of complex topic .. Thanks alot for the video
Great job sir.......
What u got from youtube I think that's little as compared to your devotion. Hat's off.
Secondly I admire today's slide presentation its easy to understand.
Thanks
Pease..I have questions..i am house wife and I just started to invest my saving into delivery based share trading..short term and long term both...if I i earn some profit from it then will i have to pay tax on it, if yes then how much and how? And one more question..is it compulsory to file return on demat account? Thanks , would be great help to clear doubts
Thank you sir.... This is really very important video... And recent videos are really good and became more simple to understand with the help of slides....
sir,
if profit is more than 6%of turnover, then audit is not applicable. but if loss is there, does audit is required??
Does the broker already deducts LTCG/STCG while settling a delivery trade or do we have to pay LTCG/STCG while filing ITR ?
Very useful information sir, thank you so much..
Sir,
I thank you for making such wonderful videos.
Sir, i am a government servant and because of lack of information i was indulged in intraday trading during the last financial year. I also incurred loss in that, but now I want to know should i file itr 3 and admit in there all the losses i had? Or, should i file itr 1 as i did in the past?
Sir, also let me know what are the consequences of intraday trading for a government servant?
Will i be fined for that?
Or sonething else?
I am worried thinking about any action from income tax department.
Please guide me.
Sir, thanks for your advice. Can one's STCG be taxed @15 percent even if his gross income is below 3 lac
Sir,
Thanks for sincere efforts to explain in very simple manner.
Sir, i have done trading in equity intraday and options only in FY 2018-19, So my turnover is Rs 983162 (Including both intraday & options) and overall profit is Rs 20637 (including both intraday & options).
Am i falling under audit category ?
As per information shared by you in video i am coming under audit category, but i consulted 2 CA they said no audit required. What is correct, pl. clarify if i am wrong.
Waw excellent information. I got answers for all my query.
Your video on taxation is quite informative. I have got three questions. Q1- Whether earnings from FNO intraday tradings of Indices (Nifty & Bank nifty) will be considered as Non-speculative business income. Q2- Whether intraday tradings in stocks will be considered as Speculative business income? Q3- Whether TAX AUDIT is mandatory even if either of three criteria is applicable? I have incurred a loss of 1.2 lakhs in FNO trades (Stocks & indices) but, total turnover works out around 36 lakhs. Whether tax audit is required to be done?. --Regards.
Very informative video....
Sir please clarify turnover in intrday as in many cases loss and profit both are added absolute to calculate turnover
Thanks for the video, cleared most of the doubts. Audit requirements in respect of turnover & other conditions info require in detailed. Also filing of ITR2 & ITR3 help require.
I shared videos on all these topics.
Ok thank you Sir, wait for vivid reply & advice. Basudhanath Das,
Very nice information. Thank you sir.
7th(candelestic) video wale sir kab class me aayenge!
sir, in beginning of video, you say sale amount of transaction is turnover. but I read somewhere that, it is profit or loss is turnover. further turnover is always positive, whether it is profit or loss. means one has go on adding profit and loss figures of transaction
You are right, Turnover is no of shares traded multiplied by difference of buy and sell price irrespective of sign. In the video turnover will be 3000 instead of 1000. Profit is 1000.
Hello Nitin Sir, can you please share the link for the video if you had already made any video on "how to file ITR3" for income from Salary, Intraday, Futures and Options (Intraday and Swings). If there is no video already, can you please make an effort and create one video for the same? Thanks in advance !!! Your videos really help us in the day to day activities.
Sir, what to do when my broker calculates turnover in wrong way ? I'm using Fyers and they are calculating TURNOVER in wrong way. I talked with them; but they are not agreeing that they are calculating in a wrong way. Please suggest me what to do.
As you said currency trading is speculative and F&O is non speculative How ? Currency me bhi toh options and futures buy kar sakate hai?
Thank you Sir.VERY VERY INFORMATIVE INFORMATION .
नमस्कार सर जी,
सर मेरा एक बोक्रर के पास ट्रेडिंग अेकाउन्ट हैं मेरे अेकाउन्ट मे सिर्फ 67000/- बेलेंस है. और मे रोज बोक्रर के मार्जिन से 15 -20 लाख का इन्ट्रा डे मे काम करता हु.
तो सर जी मेरा रोज का टर्न ओवर कैसे गिना जायेगा. कृपया सलाह देने के लिए आपसे बिनती है.
मै एक सेलरी पर्सन हु.
Need one answer.. Do we need to pay this all taxes separately or it wil be automatically deducted from profit when we sell our shares.. If need to pay separately plz tell. Thanks
sir meri 2 query h ,,,,
intraday m turnover ka jo aapne btaya suppose pure saal m humne 2 trade kiye ek m 2000 profit hua or ek m 1000 loss hua
to total turnover 2000- 1000 = 1000 hua iska mtlbb only profit hua whi turnover hoga ya fir suppose hmara loss 2000 hua or
profit 1000 hua to total turnover 2000-1000 = 1000 hi hoga means dono situation m turnover equal hoga ...
ya hum ye kh skte h ki jo amount jyada h profit ho ya loss usme s jo km h usko minus krke jo bchega wo turnover hoga....
dusri y ki speculative income ( intraday) k turnover k according income tax slab kya kya h ...
usme max turnover kitna h jispe koi nil tax lgta h ..
if u can tell all tax slabs aapki bht meharbaani hogi shrimaan.....
Nice video sir. But my question is, how do I carry forward loss in share market please suggest and which ITR need to file?
Dear Nitin sir,
Thanks for sharing the very informative video.
Please let me know one thing
I have done f&o plus intraday with equity short-term gains. Do I have to get my tax audit done as the f& o is overall in loss while equity shorterm is in profit
Agar delivery sort team & intraday & salary ho to itr kon sa bharna chahiye or kitne persont hoga pls reply
Sir agar currency future me profit or loss hoga to wo speculative ayega ya fir non speculative? Plz explain. Thank you
very good informative video on income tax related various issue face by common man
In non-speculative business income from equity, business expenses given exempted like normal business or not? Expenses like office expenses include electricity, mobile, telephone bill, petrol bill, day to day tea expenses, any new facility purchased for office like personal computer, laptop or router or air conditioning exempted or given depreciation?? In short non-speculative business is same like other firms profit & loss account or different?? Thanks in advance
Good one !!! Can you make a revised one as per recent changes.
Total income from salary and bank FD interest is above taxable limit (Rs 7.0 lakh aprox ). TDS deducted on FD interest is reflected on 26AS. In options turnover is below 5 lakh and loss is 1.25 lakh. Wants to file ITR-3. Tax audit is necessary or not. Please guide urgently.
Very informative video, Nitin Bhai. Zerodha is following this method of computing turnover as you have mentioned. Please advise me if the same method is followed by AXIS DIRECT and if this method of turnover computation can be followed in IT purpose
If My STCG is less than 1 lac Should I HAve to Pay Tax?
Is deduction from gains or losses from trading available for brokerage paid, GST, STT or other charges captured as a part of contract notes issued by broker?
Suppose someone is facing loss in long term(after 3years of holding) but making profit in short term (suppose current year 20-21)
Now if the loss in long term is more than short term gain then he have to pay STCG???or suppose long term loss is less than short term gain then also the amount will be write off??
Both cases are delivery based.pls reply sir
Sir, What if someone doesn’t have any other income apart from stock but overall stock market income is less than 100000 in particular fiscal year... is person eligible for Tax??
Very nice sir information is very good !
Advance tax kaise estimate and calculate kare, iske upar video banaye
Very nice video sir....
Aam trader ko kitne turnover ke uper ITR bharna jaruri hai... Ya Loss huaa hai to bhi ITR bharna compulsory hai... Please reply karna DOST....
I explained in my video.
Superb
Thank you sir. Very informative. Sir can you please tell, the provision regarding LTCG and STCG, is related to which AY?
Very use full for me,thank you very much
Great information Nitin Bhai... Keep it up.. well done... Thank You, God Bless You !!
Thank u for posting such a informative video, Can u tell plz the business code in ITR 3 form for profits from futures trading in f&o segment in stock market
Sir, I do intra day trading and short term delivery based trading, my profit in intraday was 160000 and loss in delivery based buying and selling in short term is 44000 and sales value in delivery based short term is 16000000 ... do i need audit for stcg?
Excellent information... Thanks Nitin Sir
sir, you say profit 2000 and loss 1000 , so net turnover would be net 1000. but I UNDERSTAND THAT ACTUAL TURNOVER WILL BE 3000.MEANS WHETHER THERE IS PROFIT OR LOSS, FOR CALCULATING TURNOVER , PRIOFIT AND LOSS TO BE ADDED. PLEASE CONFIRM, THE CORRECTNESS. I READ IT ON ZERODHA VERSITY
Hi Nitin bhai The SBI Shares sold and purchased in two cases of 15000 and 9000 are on the same day only. Pls let me know the turnover for calculation of Rs.2 crores
मेरा प्रश्न आपसे ये है की यदि जैसे मैंने आइडिया के 10000 शेयर ₹5 के भाव में लिए तो मैंने ₹50000 की डिलीवरी उठाई ।
अब करीब 6 महीने तक मैं इंन शेयरो की डिलीवरी रखे रहा परंतु मैं डिलीवरी बेसड इंट्राडे करता हूं प्रतिदिन करता हूं ,
यानी इन 10000 शेयरो को हर दिन बेचकर खरीद ता हूं ,तो क्या ये इंट्राडे में गिना जाएगा या डिलीवरी मे ?
Video is very useful for capital gainer. Sir my query is supposed I earn capital gain 50000 upto 15.03.2018 and for the purpose of save income tax I sold my some position after 16.03.2018 and get 25000 loss. Then income tax calculated on capital gain on 50000 or (50000-25000) = 25000
Thank you Sir !! Very helpful for beginners.
One question
In your mention that one has purchase share at 100 rs and sold at 120 rs...
How does brokerage and other taxes that we pay like STT are handled here...
Does the price you mention is after subtracting brokerage .
The threshold limit of Rs 1 crore for a tax audit. mean how i can do my tax audit. if i go with all segment addation (intraday + option and future ) then it cross 1cr . what can be possible .....
Very knowledgeable
Video is very useful for capital gainer. Sir my query is supposed I earn capital gain 50000 upto 15.03.2018 and for the purpose of save income tax I sold my some position and get 25000 loss. Then income tax calculated on capital gain on 50000 or (50000-25000) = 25000
Bahut badiya
Hello Sir,
First of all I would like to thank you for this valuable video.
I have one question.
In general I do trade in Option as an option buyer.
If I take 2 trades in year,
1. Bought 1Nifty lot @10 and Sold @12 --> Turnover (75*12) = 900
2. Bought 1Nifty lot @10 and Sold @9 --> Loss = 75
-- In this scenario is it possible to written off 75 from 900 and I need to pay tax only of 825 ?? Am I right Sir?
Sir can we carry forward speculative and non specilative losses to next financial year
Kya baat he nitin ji mein puchne hi Wala that badiya
Sir, pl.guide us What are Tax implications and exemptions available to shareholders for the following
(1) Listed co's shares De- listed in 1992 and De- merged in 2011. They issued preferance shares w.e.f. appointed date 01.01.2016. A/ L of shares were on25.11.2016.
These preferance shares were redeemed at a premium in April 2018 by the holding company which is a Pvt.ltd.company.
Pl. Guide us what are the tax implications on tbe above. Thnks.
Hello Sir
If we have frequent delivery trading in stock market but we have loss greater than profit then do we need to file ITR? If we need to file ITR then which one we have to fill? Please answer this query.
Sir main abhi ek bhi income tax nhi dyta tha kyu ki meri income farmer may h jo ki income tax free h
Aur meri income certificate 40 hjar rupay per year h
But ab jab hmny intraday intraday trading sy stock Market suru kiya aur hmara turn over 1.5cr aaya h ab bo tax audit Karny ko bol rhy h humy ab kya krna h
Mager hmari income tho hui he nhi h khuch mager turn over aagya h
Ab kya dhikana h humy
Ek aur baat ager hmara turn over 2cr sy jada hota h kitna bhi jaisy 5cr, 10cr ,15 cr yaa kitna bhi ho. But income khuch bhi na hui ho sab loss may he Ho ya khuh bhi ho income bilkul na hui ho tho ish may humy kya krna hoga kitna tax dyna hoga ya yh free hoga
thank you very much sir for this video
Superb!!! Hats off to you Nitin Ji
hi nitin bhatia ji. I am a pensioner of 60 years age and earning Rs.4.80 lacs p.a. and recently i have been doing intra day trades. pls once again clarify the following query. I have sold SBI 15000 shares [various timings in a day] @ 214 one day and bought the 15000 shares @ 212 and another day i sold 9000 SBI shares [various timings in a day] @ 208 and bought the same
9000 Sbi shares at the end of the day @ 207. What could of my turnover total in these two cases in calculating the Annual turnover of Rs.2 crores for Tax Audit purpose. and What is Absolute Profit total in these two cases. Is it the total diff. betwen sellinng price and buying price [positive] multiplied by no. of shares?. What is the turnover in these to cases to calculate the annual turnover. Please answer. Thank you.
Sir Govt employees are not permitted to do day trading f&o. Swing trading. Margin trading. Leverage etc frequent trading even on delivery basis is not allowed. Income tax department May be unconcerned but employer will have objection
Very nice video Nitin sir. Could you please let me know if audit is mandatory in case of loss from F&O trading?
Yes. when you offer profits lower than 8%/6%, audit is mandatory.
Sir,, please suggest me, I have business income as 44AD and income from other sources as of FD's but loss of R's 245 from Shares, which itr must I fill , I do't interested to carry forward and set off of stc loss, Can I fill itr4.
Nitin sir please agar aap ek video banaye jismeh acche se bataye ki agar hum overseas stock buy kare to hume konsa aur kitna tax pay Karna hoga india meh...
F&O का loss, ITR-3 मे, taxable salary income से setoff /write off /adjust होता है क्या |कृपया बताये |
Sir, can you please tell me how to pay tax on income earned from binary option trading? Seems this kind of trading is more like winning from betting.
Option का loss, ITR-3 मे, bank FD interest income से setoff /write off /adjust होता है क्या |कृपया बताये |
Sir very nice information thanks
Sir jo apne turnover btaya hai vo asal me net profit/loss hai agar possible ho to please intraday audit charge bta den. Audit se behtar rehta ham direct tax de saken govt ko jaise stt
Hi Nitin,
I am working in IT sector and invest in share market. I am buying share for short term to gain profit. As I am a salaried employee, my gain will be consider under business or capital gain ?
Thanks
Good Morning Sir
agar maine sirf losses kiye hain stock market se. but my salary income is greater than tax limit. It means I have profit of less than 8% *from stock market*
I want to ask:- Will this come under audict?
I have proprietor business and I do options trading thru personal account, and take the profit in business, so which ITR i have to file.
This video was very useful for me. Thank you sir.
In my opinion, ITR-3
Sir very nice video very well explain
I need to pay stcg tax seperately or it will be auto deducted from my trading account??
Agar future options dono.mein loss uo to turnnover _negative hoga???plz tell sir
Sir in option turnover loss is also added to turnover . please confirm ?
Sir, I am a government employee. Main pehle Intrday trading karta tha, ab main kya Karu? Mujhe nahi pata tha ki ek government employee intraday trading nahi kar Sakta.
Please help me.
Don't worry if you are not doing now.
koi govt employee intraday trading kyu nhi kar sakta hai iska vivran kaha milega
@@govtintercollege1931 same Qus....
Hi Nitin. What if our losses are more than profit what is the criteria
Agar kisi individual speculative,non speculative,short term deliveey aur long term delivery mein 10/12lakh each segment mein profit hota hai,to usko konsi ITR fill up karna chahiye??? Aur frequently trading ka koi profit limitation hai?? Kisiko 7lakh profit hua short term delivery mein usko kaise treat karna chahiye???flat 15prcnt tax?? Naki usko tax slab ke hisab se business income dikhano hoga??
Sir ek baat bata dooo.... Plzzz... Me ek government employee hu mughe 15000 ka short term gain hua hai... Toh kya mughe 15% ka tax dena hoga 15000 par..... Aur konsa form bharna hoga
Last 2 year I have fill itr sugam but in year 17.-18 I have intra day in last two months and get profit approx. 20000 and I also doing business which itr I should filled???
hi sir. if income from option is 90000 and turnover is less than 20 lacks . that is in my father account. he is age is 75. .and no other taxable income. whether Income tax filing to be done or Not. if yes in which form it need to be filed and in which head it Nedd to be declared.
Sirji,
Intraday,f&0 trading me 2017-18 me kiya huaa loss agar 2018-19 me profits kiya to Kya ITR 2018-19 me written kar shakte hai ?
E MARGIN TRADE -- COMES UNDER WHICH CATAGORY. Is it BTST
CAN YOU PLEASE TELL, WHAT ARE THE CHARGES ALLOWED IN COST OF ACQUISITION AND TRANSFER COST.
Sir suppose maine zerodha se share bech diye or fund transfer na kiya to fir bhi tax dena padega kya
Sir, major individuals in stock market are investor and trader at same time. request you TO give video on ITR-3, WHICH YOU HAVE ALREADY GIVEN , BUT GIVE SPECIFICALLY EXPLAINING HOW TO TAKE ADVANTAGE OF SECITION 44AD , AND GET RELIEF FROM CUMBERSOME PROCEDURE OF AUDIT. THANKS. SIR THIS WILL DEFINATELY THOUSAND OF INVESTORS AND WILL ENJOY SHARE MARKET , WITH PEACE
Very informative. Thanks Sir!
Sir, It was a very informative video.Please advice me on the error which I am unable to solve. The error is "TOTAL OF QUARTERLY BREAKUP IN STCG 15% IS LESS BY 58097". Rs.58097/- is my taxable income from stock market under STCG. Kindly Help.
Very Nice and informative video sir..