6 Tips & Tricks To SAVE TAXES On F&O Income!
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- Опубликовано: 31 июл 2024
- 6 Ways to Save Taxes on Income from Futures & Options Trading!
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► Timestamps
00:00 Introduction
00:40 - 1. CLAIMING EXPENDITURE LIKE...
03:09 - 2. SAVE TAXES BY DECLARING LOSSES? HOW?
05:19 - 3. WISELY CHOOSE BETWEEN OLD & NEW TAX REGIMES
07:34 - 4. PRESUMPTIVE TAXATION SCHEME
09:31 - 5. SAVE BIG BY PAYING ADVANCE TAXES
10:23 - 6. OTHER EXEMPTIONS LIKE...
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#TaxSaving #OptionsTrading
Very useful and explained in a well chronological manner ! thanks a lot !
I am not a F&O trader, but this video is very knowledgeable, worth watching and sharing 🙏🙏
sir...your experience , passion towards teaching makes this presentation a wonderful informative session
Very informative, keep it up, gudluck!
superb sir, learning many things from u , thanks and have a gread weekend.
Thanks for this informative video sir. Short and crisp with deep insights.
Valuable information, thank you very much
Excellent sir. very crisp & clean.
Research Sir, thanks for the excellent video. Please elaborate on what documents we need to preserve and present to auditor for the tax purposes and where and how to get them. Our auditor ask for the contract notes for each transaction and SIP and its a huge task. Kindly let us know 🙏
Cleared all doubts. Thankyou so much sir
Sir, I would be glad, if you clarify the following doubts. 1) As a pensioner and a trader of F&O, Should I submit ITR3 or anything else? 2) Will you please explain about presumptive taxation scheme in a detailed way?
Thank you for this informative video. Sir kindly throw some light on trading F&O in an individual name vs private limited company. What is the threshold of Profit where and if trading with company account is feasible and benficial. Thank you once again for standing tall as a guide and inspiration for us all. Warm regards, Mohamed Shimnas.
Please give more clarity on presumptive taxation scheme as be
1) How is turnover calculation different for futures versus options with few illustrations?
2) How to switch between normal tax & presumptive tax due to loss making years? What are the conditions/consequences?
3) links to reference articles from Taxbuddy
100% worthy video, keep up the good work.
Superb Sir. Very thoughtful informations, which is the need of the hour. We have no words to thank you, you are simply great.
This is very useful information .thank you sir
Thanks for the information. Please also let us know pros and cons especially with regards to tax if one trades in company account or individual account?
Very important topic. Thank you Sir 🙏
Fantastic step to help your followers. Sir for salaried person how can we take advantage in tax savings of agricultural land inherited by us.
timely one.. really clarified one doubt i had- well explained - thanks a lot
DOUBT i had was: if a buy 1 nifty @ 100 * 50 lot size = 5000 then sell same at say 120 x 50 = 6000 ie earn profit (6000-5000) rs 1000. so transcation value as per my thinking was 5000+6000= 11000/ but here u say it would be only rs 1000. is that correct! if so thats great relief as to get a 2 crores transcation value one really would have trade very big ..
but i would appreciate some reconfirmations & remarks on above points by gentlement having knowledge on the topic thanks..
Thalaiva you are great.presumptive tax very interesting I didn't know before very useful for me .thanks for sharing
Very informative video Mr Sunder Sir. Thank you very much.
Very very important & helpful. Thanks alot Sir.
Wonderful Sir..all my queries answered
Thanks Sundar for sharing these valuable information .
Wonderful information and well presented
Thanks a lot Sir..extremely fruitful...content...
Very good.Nicely explained thanks
Thanks for the video. very useful Taxation information
Very useful information. Thank you
Excellent informative Video. Thanks a lot sir
Thankyou for this, Sir. 👍
Very helpful video sir. Thanks
thanks for sharing a video of great value.
Very useful video sir, highly informative.
thankyou so much for you infomative guidance.
sir you got tremendous knowledge with humble attitude.
regards
Jerome
Very useful video Sir! 🙏
Great informative video sir. You are helping many with this video
Hello Sir This Video is Very informative I request this type of video should be in Playlist separately like In the name of Taxation for Traders Thanking you Very much......
Thank you very much for this information... I am new to trading and making very good and consistent profit in option selling and future.. From long time I was looking for these informations. Thank you very much for these useful information.
Thanks for this information
Thanks sir for very useful information. One question sir in last video on 4 September you lot limit for Audit is 10Cr, this video 2Cr. Which one to follow. Thanks
thanks sir very nice video keep it up and keep growing ....
Very informative sir thank you 🙏
Very useful video Sir, cleared many doubts about F&O.
Sir, according to you
1)there is no need of audit to carry forward your loss with in prescribed limit
2) presumptive tax regimen. But many CA are not accepting this. Sir can you add references also for validation of your points. It's better if Tax buddy people add reference/link/ page or section no of any standard IT book/rule.
Yes exactly. PR Sundar Sir, if turnover is less than 5 crores, profit < 6% and total income > basic exemption limit(2.5lacs), then audit is necessary. You said no audited needed, but i can't find any link, please provide source material and clarify
Mr Sunder i spoke to the ppl at Tax Buddy. They say that Presumtive Taxation is not applicable in case ofF&O.
Could you plz clarify.
@@arifshaikh5948 Are you an option seller?
too many misconception around presumptive taxation. The only reason I did not look into it further or avoided it was because I have to opt for it for 5 years and I do not have steady income
Thanks for such a great info
Sir,very useful vedio.i think option premium also need to be added for computation of turnover for option trading
Salute to your timing sir, you know retail trader earn a lot of money in this crash
Sir you make valuable videos, thanks for this,but plz clear what is presumptive tax,and 6%tax on total turnover
Thank you so much, very useful vedio
very useful video sir, thanks :)
Thank you for sharing this useful information. What is the business head for filing ITR3
Very useful information thank you sir
Excellent Explanation
THANK YOU FOR THE INFORMSTION SIR.
Thanks very informative
Thank you for the content. Incidental expenses can be claimed even by individual trader? Is it advisable to go for a partnership firm beyond a particular threshold of profit? This will be very useful input. .Thank you again
Great Learning for Free I can’t believe
Thanks for information video
Thankyou very much sir.
PR sundar jee ka knowledge jabardast hai
Great videi sir❤️
Great video sir
This is very useful information. Have been looking for this info for quite sometime. No one on the internet has answered whether standard deduction of 2.5L and investments under 80c can be deducted from F&O income or not. Thanks a ton for this info.
Irrespective of whether you are making profit or loss auditing is not mandatory as long as turnover is within limits. But if you want to carry over the loss to subsequent years auditing is must even if your turnover is within the prescribed limit. Only those who have incurred F&O loss, had turnover within the limits and filed IT return last year will know I am correct. It is also very written in the ITR instruction file.
You are absolutely correct . I am surprised, he is a chartered accountant and yet given an incorrect information
Thank you so much!
Why this subject is always interesting 😇❤
Hi Sir
Thank you for the informative video for Resident Indians. Can you please provide a video for NRI customers, how to save tax on F&O earnings
Sir what time are we supposed to subscribe for tax buddy services for income tax filing for the calendar year is it at the beginning of the calendar year or at the end of the year at the time of filing IT returns?
Than you So much Sir
Good information.
A quick calrification needed.
Why different turnover calculation for presumptive income and actual income?
Sir can you make a video on things to keep in mind before starting a corporate account or at least give guidance on whom to consult?
Very useful information
Useful f&o taxation info
Thank you sir 🙏🏽
Mind blowing tips
Thanks a lot Sir for this, No video on RUclips for this with such clarity, please make more on Taxation videos
Thank you 🙏🏻
Good video. Many thanks. Sir bring a video for itr3 filing for f&o trader.
very useful sir.
thank you Sundar sir ,
🎉Excellent Sir❤
It is always confusing how to fill the ITR form using F&O, STCG & LTCG. Please arrange sample session which will walk us through entire filing process.
Very useful vdo
Thanks for such a precise explanation. could you please help with the below queries too
1. How to compute income tax for a pensioner with F&O trades.
2. In case of a salaried person with F&O trades, if we had switched to new tax regime this year but stopped F&O trades, can we switch back to old tax regime the next year.
If there is a loss in particular financial year, is there is any time limit to file the returns.
Because ,for the past few years the filling dates are extending for various reasons.
Dear Sundar, am Raghuram frm Mumbai n a avid fan but f urs for yrs. Thanks for d video. Could u pls also cover details for FNO traders like me, who work from home. What would be d exceptions i would have n other benefits. Thanks in advance. U r rocking n keep rocking.... Unga vazhi thani vazhi 🧄
Thank you sir.❤❤❤❤❤❤
Explain new tax regime and old tax regime in detail and which one should we choose?
Please guide about calculation of TURNOVER in Option trades
Thanks Sir
Sir we need to file ITR only on the P&L Income or the combination of both P&L , Capital traded...
Sir that's ok my for show expences we need to keep corporate accout ??
3.5
I think it is loss carryforward not offsetting
I think offsetting means adjust on one to other in same fy
Appreciated sir
Excellent explanation Sir. I have question sir. If I buy options of the next financial year with the entire profit earned in options only in the month february of current year. What should I do then. How to show it sir
Can you please explain advance tax concept for F&O and its frequency of payment
Very useful video sir.. If f&O trade can be treated as a business and if I file tax based on f&O trade alone, I am eligible for home loan or pl in future or else I need to merge my f&O trade income with other business income to avail loan facility from banks. In short whether f&O trade as business is widely accepted in comparison with other mainstream business category. If so WHETHER it will come under business or self employed category in individual level. Thank you🙏
Thank you for your very useful guidance on income tax filing for f&o.
This information not only useful to traders but also to many auditors.
Even some experienced auditors lacking in this knowledge on tax filing of f & o.
Now every one got cleared from their confusion from your excellent service through this video.
Thank you sir! 💐