ITR 3 Filing for Future & Option Losses with Excel computation

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  • Опубликовано: 13 янв 2025

Комментарии • 374

  • @FinTaxPro
    @FinTaxPro  6 месяцев назад

    For Filing Income Tax Return, you may call us at 9718097735 or mail us info@fintaxpro.in

  • @Hrishi_S9
    @Hrishi_S9 Год назад +5

    Finally, I have FIled my ITR 3 with the help of this Video. Thank you so much Vivek for your guidance.

  • @bharatnegi9787
    @bharatnegi9787 Год назад

    Best Video. I have seen till Date for ITR filling.
    Most of the people hide many things but in this video you get all the information related to ITR 3.

  • @SantoshKumar-id7hb
    @SantoshKumar-id7hb 2 года назад +1

    Finally Filed Vivek Ji. A Big Thank You for help. I was in so much tension how to file. I was first timer and was looking to file ITR 2 with just CG and not wanted to book loss. But after watching your video 4 times and with your master guidance and step by step guidance I was able to file my return for AY 2022-23. I hope I would not get any notice or anything. Since Regards for help. Will definitely take your services once I come under Audit Category. BIG SALUTE. LOTs of LOVE

  • @harshitajaiswal1568
    @harshitajaiswal1568 Год назад

    Vivek Ji i have to say one thing, watched so many videos on this topic, but i got the satisfaction of knowing this topic only after watching your video. Thank You.

  • @talktotushar
    @talktotushar Год назад

    Thanks for creating such detailed level video on filing ITR with F&O PnL & Short Term Capital Gains. I had been searching for this type of content online for a long time. This video has helped me not only understanding the concepts of ITR filing with F&O Trading but also your free template for creating the Balance sheet and turnover for trading account has helped me filing my ITR single handedly. Thank you so much once again !!!

  • @harpalsinghsohal9276
    @harpalsinghsohal9276 Год назад

    Finally Filed Vivek Ji. Very informative and detailed presentation. I was in so much tension how to file. I was first timer for ITR3. But after watching your video and with your master guidance and step by step guidance I was able to file my return. I hope I would not get any notice or anything. Thanks again

  • @shobhitsharan2027
    @shobhitsharan2027 2 года назад

    Thank you Sir, Maza aa gaya khud ITR fill kar ke. 12hr lagatar bethkar finally submitted.

  • @hemantmamnani5626
    @hemantmamnani5626 2 года назад +2

    Hi I am a chartered accountants i appreciate your video for correct place to show loss and not complicating anything by including provision of 44Ad(4)

    • @vikv4884
      @vikv4884 Год назад

      If a future contract is sold on the 3rd day from the date of buying, and for 2 days if it is appearing as loss. while computing turnover, do we need to calculate 2 days loss also or only profit on the date of sale.pls advise

  • @nishantkumarr8917
    @nishantkumarr8917 2 года назад

    i dont know what will happen later. but for now i successfully filed my itr 3 by just seeing this video. i saw 12 videos on the topic and got even more confused but u made it so easy.

  • @shankarpandey1141
    @shankarpandey1141 2 года назад

    wah ! mazza aa gaya video dekh kar, i saw more than 50 youtube videos from last 3 days, but i got clear all confusion in this video. you explained really great. you deserved like. comment and subscribe. and i did it. :)

  • @bvs.ravikumar235
    @bvs.ravikumar235 2 года назад +7

    Dear Vivek, Many thanks for your efforts to explain us in detail about ITR filing for F&O losses. you have covered all minute things. Hope we can file our ITRs by our own. Your other videos are also so good. Once again thank you so much.

    • @FinTaxPro
      @FinTaxPro  2 года назад +1

      Appreciate your support

    • @finoholic
      @finoholic 2 года назад

      Can you please share your computation excel sheet

    • @FinTaxPro
      @FinTaxPro  2 года назад

      @@finoholic Check in description

    • @souravsingh3522
      @souravsingh3522 2 года назад

      Filing an ITR by own is just like taking medicine without consulting a doctor

  • @FinTaxPro
    @FinTaxPro  2 года назад +1

    Dear All,
    Many people are getting error of Audit and possible defect in case of Loss. Please note it is warning for possible defect and not ERROR. You should consult your Tax Professional to ascertain the liability of Audit as it may very case to case and need lots of information to reach on final conclusion.
    Also note if you are sure about Tax Audit then you may proceed to file the return. Watch this video for more information ruclips.net/video/FgWG4fqKglo/видео.html
    Regards,
    Team Fintaxpro

    • @bharatgera8229
      @bharatgera8229 2 года назад

      Hey sir?
      Got a query
      Tried filing ITR 3 with loss in F&O as per your procedure
      Still getting the error of "income less then 8% opt for tax audit"
      Also have income in 44AD with a profit % of 45%
      Should i proceed with this error or how to rectify it?

    • @rksahu83
      @rksahu83 2 года назад

      Can we add the DP charges in the expenses for STCG?

    • @bharatgera8229
      @bharatgera8229 2 года назад

      @@rksahu83 no

    • @FinTaxPro
      @FinTaxPro  2 года назад

      @@bharatgera8229 Many people are getting error of Audit and possible defect in case of Loss. Please note it is warning for possible defect . You should consult your Tax Professional or refer 44AB & 44AB to ascertain the liability of Audit as it may very case to case and need lots of information to reach on final conclusion.
      Watch this video for more information ruclips.net/video/FgWG4fqKglo/видео.html

  • @rajivranjan3272
    @rajivranjan3272 2 года назад

    Sir, Pura You tube search kar liya , jitna satisfaction yanha aya , wo kanhi nahi tha. Thanks for your effort

  • @nitingorale5085
    @nitingorale5085 2 года назад

    Sir,
    Thanks for your excellent, informative explaination to file ITR 3.
    Earlier I was filed ITR 1. But due to trading, 1st time I have filed ITR 3 with the help of your video & submitted ITR 3 successfully without any error. I saw your video in last 3 days & prepared Computation sheet so that easily filed the ITR. I have filed for Salary, House Property, CG, FnO.
    Once again heartiest Thanks.🙏🙏🙏

    • @jeganmuthu6962
      @jeganmuthu6962 2 года назад

      Can you pls share how you filed F&O profit and loss. I tried not able to get since video in Hindi.
      Cant able to find a video for ITR 3 filing for salaried with F&O.
      It would be very helpful.
      can you pls share your mail Id.

  • @jprakashus
    @jprakashus 2 года назад +1

    Thanks. I filed the ITR # 3 according to your video with F&O losses and refund. Today i got processed with out any problem.

  • @navneetmukesh
    @navneetmukesh 2 года назад

    subscribed after this this video. great good. abhi aadha hi dekha hai abhi continue karta hun.

  • @sobhagya
    @sobhagya Год назад

    in cash intraday trading the the profit and loss are separately totaled and then both totaled. That is annual turnover. Fr options premium paid and received both have to be added for turnover . For other transaction short term or long term comes under capital gains and not included in trading volume to calculate condition for audit under 44AB

  • @drrajaji6829
    @drrajaji6829 2 года назад

    One of the best videos that I've ever seen..! Kudos...!

  • @KalaTharanga
    @KalaTharanga Год назад

    Thanks a lot. I could submit my ITR3 return by watching your video at the last minute. I should have watched this video much earlier

  • @rubyenterprises2089
    @rubyenterprises2089 2 года назад +1

    Vivekji
    Your efforts to make this video is tremendous .I am appreciate your work.
    Best wish for your success.🙏

  • @vvk594
    @vvk594 2 года назад +1

    I have liked and subscribe before listening to your video just by seeing excellent comments.

  • @gunjeshkumarsharma7037
    @gunjeshkumarsharma7037 Год назад +1

    Excellent one!👍
    Great Man ♂️
    God bless you and your family everything good 💯
    ❤❤

  • @samalasantosh7362
    @samalasantosh7362 2 года назад

    This is the detailed video till date I have listened till date. Thank you.

  • @AnilYadav-ct9uv
    @AnilYadav-ct9uv Год назад

    Take a bow for your explanation sir 🙏amazing efforts.👏 I have not seen such a detailed explanation for a share market taxation ...Thanks a ton🤗
    I follow all your videos😊

  • @mamtas.3709
    @mamtas.3709 Год назад

    Hard work u did ..in explaining...thanks...laughed ..while u said..aise file hoti hai😂

  • @rajeshb1335
    @rajeshb1335 Год назад

    Thank you. You shared lot of information useful to retail traders.

  • @lathinp1345
    @lathinp1345 2 года назад +2

    Beyond words sir
    Excellent guidance salute to your efforts
    I have no words to appreciate you
    Lots of love
    I will definitely make others subscribe like and share your channel

  • @shambhunath5357
    @shambhunath5357 2 года назад

    आपका काम ईमानदारी का हैं सर थैंक्स
    आपसे कुछ पूछूंगा जी.

  • @99mandal
    @99mandal 2 года назад

    Filled itr3 on 31 July ,great video sir 👏👏👏

  • @subhaghatak5440
    @subhaghatak5440 2 года назад

    The best one i have seen in respect of intraday & F &O

  • @reallife7202
    @reallife7202 2 года назад +3

    Sir,
    You are the wonderfull person and best teacher as per my views. You are really explaining the things in very easy way.
    Best and down to earth person...... May GOD bless you.....Always be Happy......Thanks a lot and Thanks a ton...!!!

  • @nisarggoswami7897
    @nisarggoswami7897 Год назад +1

    The way you explained it is just Amazing, Great work man, my all Doubts are cleared right now only because of you and i am surfing on internet for a while and then i found this video and my all doubts got cleared from just one single video... Keep the Great work coming on this channel ! :)

  • @RameshPatel-fg9qk
    @RameshPatel-fg9qk 2 года назад

    This is nice video...
    Please share video...for following point...
    Capital gain securities.... Short term and long term....
    Intraday profit....
    F &O profit.....
    Share dividend....
    FD INTEREST....

  • @mmuthukumar143
    @mmuthukumar143 2 года назад

    Thanks for valuable your video and submitted itr3.. Thanks once again

  • @venkateshbellala2385
    @venkateshbellala2385 2 года назад

    Great efforts sir
    Impressed with the way of teaching
    😻love from Telangana
    short n sweet explanation

  • @parteekrana6687
    @parteekrana6687 2 года назад +2

    Sir, your work is appreciable as our students, who want to learn or study with a job

    • @FinTaxPro
      @FinTaxPro  2 года назад +1

      Glad you like it

    • @jaihanumaan322
      @jaihanumaan322 2 года назад

      @@FinTaxPro sir, need mora clarity on balance sheet. Can we only show bank FD, credit card payable, loss on f&o, mobile as capital asset. But balance sheet not matching

  • @Amritsingh-rp5uz
    @Amritsingh-rp5uz Год назад

    God Bless You Buddy. this video still helped me to File my ITR

  • @_humans
    @_humans 2 года назад

    Excellent Video Bhai...I never came across such a detailed video !!! Hats off to you ...You deserve BIG APPLAUSE !!! 🙏🙏🙏🤝🤝🤝

  • @logically1028
    @logically1028 2 года назад

    "Perfect"
    All my queries solved. Thanks.
    Just one question -
    at 54:45/1:17:14 on audit information page, the form asks for:
    "if TO exceeds 1cr but does not exceed 10cr"
    To which you chose yes and moved on.
    BUT what if in my case TO is less than 1cr ?
    What would it do next? Will i be able to fill these forms? Or some other provisions will come into play??
    Plz solve & explain my query in detailed manner just like the detailed videos you make..
    I'll be waiting for the answer...

  • @gitanjalikansal3744
    @gitanjalikansal3744 Год назад

    Hello sir! Thank you so much for explaining it so well! Can you please explain how to treat commodity losses of upstock account?

  • @Sumitw08
    @Sumitw08 Год назад

    Best top information in free 👌🙌👍 very much thanks sir.

  • @sushiljain7263
    @sushiljain7263 2 года назад

    Really sir,
    This video Amazing, wonderful, fabulous and thank u for ur hard work, efforts..really 👍👍

  • @saptarshideb9725
    @saptarshideb9725 2 года назад

    🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏 EXCELLENT, IMPRESSIVE, KNOWLADGABLE, AAP KO MERA SALUTE.

  • @cmasukanyacv2155
    @cmasukanyacv2155 2 года назад +1

    Hellow sir, thank you for such valuable class

  • @jaydeepmalar7477
    @jaydeepmalar7477 2 года назад

    Thank you so much sir ....I can file return very quick because of your video

  • @hansamaheshwari7611
    @hansamaheshwari7611 Год назад

    Loss on sale of share long term can be set off from long term capital gain on other assets not from shares

  • @miteshpatel3437
    @miteshpatel3437 Год назад

    Very good and detailed explanation

  • @bhushankambale3209
    @bhushankambale3209 2 года назад +1

    Really very much helpful video. I have prepared my ITR 3 return using your video. Validation is sucessful. But showing error that i have claimed income less than 8% of gross turnover and audit information is not filled up. ITR portal asking to fill up audit information. I have salary income of 8.50 lakhs after deduction and FNO loss of 94,000. I have selected section 44AA for book of accounts maintained and other sections selected no and audit required as No. I am filing ITR-3 for first time and previously i filed ITR-2

  • @pgurumadhav3518
    @pgurumadhav3518 2 года назад

    Explanation is very good. Awesome

  • @parvesharora12
    @parvesharora12 2 года назад

    Wah sir maza aa gaya dekh kr video

  • @Sunny-qq6un
    @Sunny-qq6un Год назад

    thank you so much bro, by your videos i were able to file my itr

  • @SubhamSatapathy
    @SubhamSatapathy 2 года назад

    This is one of the finest and detailed explanation of all provisions! However, Even then I'm getting error:
    Category of defect B/D :You will be allowed to upload the return. There is a possible defect present in the return or some of the deduction/claim may not be allowed.
    You have claimed income less than 8% of Gross Turnover and audit information is not filled up.
    Kindly fill up the audit information since you have claimed income less than 8% of Gross Turnover.

    • @Rams369
      @Rams369 2 года назад +1

      same here, need suggestion plz

    • @shagungupta6479
      @shagungupta6479 2 года назад

      i also got the same error

    • @FinTaxPro
      @FinTaxPro  2 года назад

      Many people are getting error of Audit and possible defect in case of Loss. Please note it is warning for possible defect . You should consult your Tax Professional or refer 44AB & 44AB to ascertain the liability of Audit as it may very case to case and need lots of information to reach on final conclusion.
      Watch this video for more information ruclips.net/video/FgWG4fqKglo/видео.html

    • @FinTaxPro
      @FinTaxPro  2 года назад

      @@Rams369 Many people are getting error of Audit and possible defect in case of Loss. Please note it is warning for possible defect . You should consult your Tax Professional or refer 44AB & 44AB to ascertain the liability of Audit as it may very case to case and need lots of information to reach on final conclusion.
      Watch this video for more information ruclips.net/video/FgWG4fqKglo/видео.html

    • @FinTaxPro
      @FinTaxPro  2 года назад

      @@shagungupta6479 Many people are getting error of Audit and possible defect in case of Loss. Please note it is warning for possible defect . You should consult your Tax Professional or refer 44AB & 44AB to ascertain the liability of Audit as it may very case to case and need lots of information to reach on final conclusion.
      Watch this video for more information ruclips.net/video/FgWG4fqKglo/видео.html

  • @mdimdad5025
    @mdimdad5025 Год назад

    very nicely explained sir.

  • @satyamkedia7702
    @satyamkedia7702 3 года назад +1

    Very well explained sir

  • @ajitjoshi4415
    @ajitjoshi4415 2 года назад

    Very good presentation. Thanks a lot Sir.

  • @Mehta9999
    @Mehta9999 2 года назад +1

    Sir i have two sources of income
    1 fno and intrday trading
    2 interest from other parties
    So which balance sheet is to be uploaded
    Individual or for business
    Pls clarify

  • @sandeepkarmarkar8813
    @sandeepkarmarkar8813 2 года назад

    Truly awesome detailed video sir... thank you very much. Is there any video on how to make balance sheet?

  • @satyamusn5666
    @satyamusn5666 2 года назад

    Sir please talk slowly and peacefull to understand easily is the main motive of yours thanks.

  • @Iambondadude
    @Iambondadude Год назад

    Cool 😮 saw full video peacefully to know some rules

  • @kankipatiramaraju4983
    @kankipatiramaraju4983 2 года назад

    Thanks for detailed explanation... Your videos always been helpful

  • @hemantairy6432
    @hemantairy6432 Год назад

    Thank you for great explanation.

  • @newpg1
    @newpg1 Год назад

    I wish if I could give more than one like. Thank you for this video.

  • @lakeshjindal8685
    @lakeshjindal8685 2 года назад

    Wow ... very well explained....thanks sir

  • @vigneshakamath614
    @vigneshakamath614 Год назад

    Very informative. Thanks.

  • @heythere3163
    @heythere3163 2 года назад

    Please don't be angry with me.. i've liked the channel and i subscribed too... and the vedio is amazingly useful..

  • @tanmoyguha8079
    @tanmoyguha8079 2 года назад

    What are Cash transactions in terms of F & O, as usually we add money in our trading account and then usually perform a trade using that money. In this case is that considered a cash transaction as mentioned under section 44AB (a)

    • @tillu424
      @tillu424 2 года назад +1

      Definitely not !!! It’s not cash transaction in reference to 44AB. It’s a matter of cash money not cash asset class.

  • @naturelover9724
    @naturelover9724 2 года назад

    Thank you sir I filed my ITR3.

  • @manishhargour9372
    @manishhargour9372 Год назад

    Great Job Sir, deep knowledge provided in ur video,
    want u one correction in case of Zerodha Option turnover they provide only Total of Absolute figure in Turnover, so Total sale value of premium recd. need to be add in that Turnover figure,
    Thank Sir

  • @patnamprasad1649
    @patnamprasad1649 2 года назад

    Amazing explanation sir

  • @kapil1989kapil.
    @kapil1989kapil. Год назад

    Sir Trading Account of Specultive & Future & Option Ka kese banega and Turnover to aap wali lelenge but purchase value kya lenge

  • @kishorgchandak
    @kishorgchandak Год назад

    very well explained

  • @feelduniya8693
    @feelduniya8693 Год назад

    Sir, agar hum future or option ko purchase karte hai or same day hi sell (square off) kar dete hai to ise intraday me consider karenge kya

  • @rahulnaamtosunahoga8207
    @rahulnaamtosunahoga8207 3 года назад +1

    Thanks
    Good to understand fno taxation with example. 🙏

  • @tradelogix
    @tradelogix Год назад

    mujhe lag raha apunich hi CA ban gya hai... Very good and informative video, good job, keep it up

  • @amityit
    @amityit 2 года назад

    Nice Video. Very Well explained each part.

  • @rashmikm32
    @rashmikm32 2 года назад +1

    Sir, pls share how to prepare books of account/balance sheet for PGBP

  • @hryadav5602
    @hryadav5602 2 года назад +4

    Hello Sir, In the Balance sheet schedule you have said that the section "No Account Cases" should not be filled but in the Schedule "Profit & Loss" you have used the "No Account Cases" Section to fill the Speculation Activity Loss. On one end you are saying avoid "No Account Cases" but on another end, you are using it. I hope it will not be any defective ITR issue once filed. Thanks.

    • @FinTaxPro
      @FinTaxPro  2 года назад +2

      THAT IS FOR SPECULATIVE INCOME ONLY. Rest details are filled as per financial statement.
      I have used it for speculative income only as speculative income have to report separately. You need to understand that speculative business (Intraday ) is consider as separate business as per Income Tax provisions.
      For more expert opinion you may take our paid services. Defective notice may also issue due to many errors which are not discussed in this video. We take responsibility of all assignments done by us on the other hand we are not responsible for any work done by you.
      You don't even know speculative business is separate business and have separate tax treatment? You need to consult to a tax professional if you don't know these basics and i can't teach all provisions of income tax in a singe video.
      Hope your doubt is clear now.

  • @debdipbhowmick9187
    @debdipbhowmick9187 2 года назад

    Sir hum apne return Itr 4 Mein filling karte the. Business income he above 8% but fno mein loss hai aur swing trading Mein Bhi afterall losses book kiya.. So Sir please make videos fno losses with businee income itr 3

  • @ShoonyamTech
    @ShoonyamTech 2 года назад +1

    Sir, you r explanation of each and every heads and calculations is very impressive. Salute to ur hardwork sir.
    If i mention short term investment in normal business instead of capital gain so can i include STT charges. If it is possible then where can add STT charges. Please suggest sir and please make video on fyers tax p&l calculation as well. Hope it help lot. Thanks in advance.

  • @adarshgautam6712
    @adarshgautam6712 2 года назад

    Hands down one of the best explanations on RUclips to date. I would recommend using Quicko Tax Filing provided in Upstox for determining the exact expense in the STCG and Speculation rather than dividing it in ratio. Thank You 😄

  • @tillu424
    @tillu424 2 года назад

    It’s a best video on ITR-3. I have a question, if turnover is 15 lacs then Book of Account need to maintain under section 44AA because amount is less than 1 crore. I have losses also in F&O that I want to carry forward. Please help.

  • @hemanthc3380
    @hemanthc3380 Год назад

    Thank you so much, it helped me a lot

  • @vvaghela75
    @vvaghela75 3 года назад +1

    Superb explain 👍👍👍

  • @rak9809
    @rak9809 Год назад

    Bhai ,ye 15:18 pe closing stocks 15L khase liy or plz explain.reply please

  • @miniatreya8795
    @miniatreya8795 3 года назад

    Sir sir sir ...the best knowlege ...

  • @niseetpatel5428
    @niseetpatel5428 2 года назад

    sir ne jo upload kiya tha vo kya tha? prefilled vale me?

  • @vikramchandel3732
    @vikramchandel3732 2 года назад

    Dear Sir, FNO k 10 trade me se 2 trade me loss ho jaaye....to kya un 2 trade k loss ko hum ITR3 file karty huye loss carry forward kar skty hai? (By assuming profit in 8 trades higher than loss in 2 trades)

  • @ASHISHKUMAR-xw1pe
    @ASHISHKUMAR-xw1pe Год назад

    Thank you for your help and knowledge

  • @pavannkumar8589
    @pavannkumar8589 2 года назад

    in case of options, the turnover calculation would be agreegate of favourable and unfavourable differences and Premium received. but in the video you have mentioned premium received plus total sale value. please clarify about the same.

    • @Hindutvanamo
      @Hindutvanamo 2 года назад

      He has taken Premium received+Total of Absolute figure of profit n loss in case of options(Turnover calculation methodology is given nowhere in the act, it’s been mentioned by ICAI in its Guidance Note)

  • @CKENTERPRISES1
    @CKENTERPRISES1 2 года назад

    Thanks sir very useful videos

  • @mogantiganesh7191
    @mogantiganesh7191 2 года назад

    Super content bro... Great job.. Thank U

    • @kungfupanda7122
      @kungfupanda7122 2 года назад

      How he calculated closing stock in b/s? Can you explain

  • @arnabrana4584
    @arnabrana4584 11 месяцев назад +1

    Good

  • @deepakkumardass7810
    @deepakkumardass7810 Год назад

    Sir can you upload a video on how to report RSU, ESOP and EAPP in ITR filing

  • @ashokkumarchaubey6376
    @ashokkumarchaubey6376 2 года назад

    Nicely explained

  • @niteinpassi3728
    @niteinpassi3728 2 года назад

    Zerodha's turnover (options) is not calculated on absolute of P&L. I think it is calculated on buy value by zerodha

  • @ashishchomal
    @ashishchomal 2 года назад

    Very good video, I only have 1 question, while proceeding to verification I'm only getting option of verifying through DSC and not through Aadhar or Saving account, why is it so?

  • @KrishnaKumar-tf9ew
    @KrishnaKumar-tf9ew 2 года назад

    Sir Ji, How to specify the expenses related to asset procurement (computer etc)? Full value or some percentage?

  • @Kirand07
    @Kirand07 2 года назад

    Sir agar capital market and trading me loss ho to kya ham sirf itr 1 file kar sakate hai isse koi problem to nahi hogi aage

  • @v.v.r.prasad4879
    @v.v.r.prasad4879 2 года назад

    Very good information. Thank you! V V R Prasad