Sir, आपके वीडियो के हेल्प से लास्ट ईयर BS बनाई थी। अब next year यानी इस साल कैसे बनाएंगे BS क्या पिछली BS का उसे करना है। आपके कहे अनुसार सिंपल bs banai थी। Pls इस पर भी वीडियो बनाया, बहुत हेल्प हों जायेगी।
Excellent presentation. However, where we have to fill up the F&O turnover, profit, expenses in the income tax portal pages? That is not explained. Can you please clarify that?
Excellent ! Please guide , whether my understanding is correct about following concepts:- Sec 44AD is not applicable on F&O business and thus, if an individual incurred loss ( obviously profit is less than 6% ) in F&O business . He is not required to get Tax Audit and can report losses in ITR 3 & carry forward his F&O loss . He has to maintain Books of Accounts as current utility is not allowing to enter losses under No Account option. In that case , reporting of transactions in Balance Sheet is not mandatory and P& L will have sale value credited & purchase value debited
Hello Anita Ji, Yes recently utility is showing error for this. But it is still allowing to file return. You may refer our recent video for Tax audit on FnO for detail discussion on this point. As far as utility we have filed some of the clients despite this error. I think it just a information rather than error, as there are possibilities when we can claim lower profit or loss even without Audit.
@@FinTaxPro sir my short time capital gain 114000 lac my income lower than 2.5 lac . Than short time capital gain tax applicable for me my income lower than 2.5 lac
As per the grandfathering concept the capital gains are calculated according to the price on 31 jan 2018 and the LTCG is calculated accordingly. So for a trader would the same grandfathering concept apply(for equity bought before 2018)? and the sum of the capital gains that is normally under LTCG +STCG would add up to become the profit right?
Share trading main Delivery main short term loss i.e Non speculative income ko intraday profit se adjust kar sakte hain ya nahi. Long term capital gain bhi hai.
Dear Sir, in the expense statement you have only considered brokerage for intra day and not for normal trades. Are delivery trades brokerages not supposed to be considered under expenses? Even sebi turnover exp is not considered in the delivery trades. Kindly clarify 🙏 Also, I'm a full time trader like in this example you have shown. Do I have to pay advance taxes, or can I pay tax after the FY
Dear Sudir, If you compute delivery shares under Cap Gains then only STT is not allowed. However if you compute delivery transaction in business income you can claim all business expenses including STT and sebi turnover fee.
Nice video but you didn't mention how to file for intraday equity losses... Nice job for explaining how to file taxes if you have profit, but what and where to fill losses from intraday equities... Thank you...
Mere paas keval groww ka account hai, usmeinaine intraday aur delivery stock trading Kari hai, uski tax report mein usne charges (brokerage and tax) intraday aur delivery ke alag alag nahi dikhaye balki total de Diya hai, ab itr filling ke time par kya karu? Doosra question ye hai ki Mera delivery stock turnover 1.6 lakh hai aur profit lagbhag 2500 hai(6% se kam), par meri total income jismein meri salary main hai wo 2.5 lakh ko exceed karti hai to kya main tax audit ke liye liable hoon?
Agr buy and sell quantity differ to purchase value selling quantity pe jo ban rhi wo uthani yan jo purchase kiye the wo like if i purchase 5 quantity of share @10=50 rs. Now i sell 2 share of 15 each =30 to 20 purchase uthani yan full 50
Thanks for a very lucid & compact informative video. My salary income is above 10 lakhs, stcg of 7000 & ltcg is 22000 from mutual funds but I have a loss of 95000 from intraday share trading. My turnover is less than 2 cr. Kindly guide me if tax audit is required in my case.
Is it required to upload the balance sheet since we have Non speculative and speculative business income. Without balance sheet the...we will get a not u/s 139 (9) as defective return and the department wants to upload the balance sheet and then file the return under the same section. Pl clarify sir....
sir meri salary, f&o ke under option mai loss and intraday mai loss hua hai or maine ek property bhi sale ki hai....mujhe konsi itr bharni chaiye or audit karana hoga ya nhi
Thank you very much for such an informative video. I have a query. Which form to use if I have intraday, short term and long term trades as well? I don't have salary income.
I have loss in my intraday trading and profit in delivery trade.To claim the loss as speculative loss,am I supposed to keep the books of account and get the same audited?
Sir in STCG for normal business if income is more than 2.5 lac and profit is less than 6% , tax audit is not compulsory in dont opt U/S 44AD IN OF 5 previous year ITR.SIR What is ur view
In your previous video you said that if you are taking your Capital Gain income as business income then Dividend will be treated as business income but here you entered dividend in other sources. Can you please clarify this?
my short term gain is 5 lac in equity and 1.5 lac loss in F&O. can I adjust loss and which ITR I should file as a individual. and can I take all expenses excluding STT.
If the assessee is having only speculative loss.. so reporting in no account case is enough.. the loss is around 1100.. not reporting balance sheet and p & l a/c in ITR 3 will any notice will be issued after filing???
Sir mera intraday me 600 ka loss hai banki sara investment purpose se hi realised gain 5790 hai but unrealised loss bhi hai 16750 ka toh kaun sa itr file karna hoga. F & o nahi hai aur koi other income bhi nahi hai
Sir, very good information Can short term capital lossess from share trading be set off against long term capital gain from property sale ? Loss in share trading & profit in property sale should be in same year or can it adjusted in within 8 years ?
Normally I trade in equity through MTF , wherein I need to pay around 30% of total value of purchase and sale the same when target achived. My account will be credited only my margin + profit. In this case what is accounting treatment please . Whether full sale value in income side and full purchase value will be expenses side ? if my purchase value 100, but I paid only Rs 30/- But I need to show Rs 100 as my purchase ? Is it right ?
2.5 lac limit (for tax audit) is total taxable incoem or from only strading business? bcz if total taxable income then it will be after all heads & all via deduction also.1!1
Sir i have ipo profit of 2Lacs can i show it as pgbp along with other other business of clothing Clothing business np = 2Lacs Trading busienss np = 2L Total 4L Do i need audit in these case ? Can i show ipo income as pgbp? Thank you for whole effort for making easy to do video
Sir i am a student(no earning) and i earned 1lacks lacks from swing trading(held stocks for more than 1day and less than 365days in cnc Or delivery basis) do i have to pay taxes
I have turnover less than 2 crore from share,f&o, intra day business. But my profit less than 6%. So i have to maintain books of a/c as per sec 44aa and get tax audit also. Isn't it ?
sir, it is possible to include laptop cost to control the income which is exceeding basic 2.5 lac . in my case stcg income is 2.64 lac after deducting stt and other trading expenses. and intraday losses are about 1.50 lac. kindly help.
Sir, when we treat Share as stock then the holding of share as per holding statement as on 31.03.2021 will be our stock in trade, right? Then why to fill 0 in details of stock in ITR?? Will this not attract notice of correction? Please reply fast ..due date has already approached.
Fno ka turnover nd delivery ka turnover dono ko add hone k baad non speculative turnover banega naa??? Aur fno ka loss delivery k sath set off k baad realise PnL banega naa???
one more question, as you said that when total profit is less than 6% but total income is more than 2.5 lac then tax audit is applicable,please explain that other income like from fd interest is included or excluded. thanks
Most underrated video
Must watch for new traders
Great In one hour you have completed the filing, concept of ITR 3 Thank you
Thanks!
Welcome!
Best version of practical knowledge
Very very thanks sir. RUclips me itr ke bare me details me jankari aap hi dete hai.
Thank you sir....bahut hi badhiya bataya hai apne...
It was very helpful at the nick of the moment. Thank You.
Very useful and informative sir thank you very much
Glad it help
Agar trading, intraday, investment and income from business to kya difference hai or itr kaise fill kare is par ek tutorial zarur banayenge...
Beautifully explained🙌
very commendable video. thank you very much for information in free.
Thank u very much Sirji ... very useful while filing itr3
Valuable information given. Thank you sir.
Very very nice explanations
Sir please share script wise summary also for understanding Turnover throughout
🙏
THANKS MAN FOR THIS VIDEO....GREAT EFFORTS
So nice of you
Happy new year. Thank u very much. Wel explained, sir. 🙏
Sir, आपके वीडियो के हेल्प से लास्ट ईयर BS बनाई थी। अब next year यानी इस साल कैसे बनाएंगे BS
क्या पिछली BS का उसे करना है। आपके कहे अनुसार सिंपल bs banai थी। Pls इस पर भी वीडियो बनाया, बहुत हेल्प हों जायेगी।
Very Helpful video .. Just loved it..
Great explain sir thank you very much sir
Sir thank you this video helped me a lot
Excellent guidance sir
As usual Excellent
Thank you so much FinTaxPro, Great person having great knowledge.
Very nice information Thank you
Excellent presentation. However, where we have to fill up the F&O turnover, profit, expenses in the income tax portal pages? That is not explained. Can you please clarify that?
Mention in PnL account in respective head.
If no head specify mention in other expenses
Very informative thank you
Excellent !
Please guide , whether my understanding is correct about following concepts:-
Sec 44AD is not applicable on F&O business and thus, if an individual incurred loss ( obviously profit is less than 6% ) in F&O business . He is not required to get Tax Audit and can report losses in ITR 3 & carry forward his F&O loss .
He has to maintain Books of Accounts as current utility is not allowing to enter losses under No Account option.
In that case , reporting of transactions in Balance Sheet is not mandatory and P& L will have sale value credited & purchase value debited
Hello Anita Ji,
Yes recently utility is showing error for this.
But it is still allowing to file return.
You may refer our recent video for Tax audit on FnO for detail discussion on this point.
As far as utility we have filed some of the clients despite this error.
I think it just a information rather than error, as there are possibilities when we can claim lower profit or loss even without Audit.
currenr year me jo losses hua hai intraday me ya phir STCG,LTCG me usko kaise carry forward karna hai, kaise value put karna hai
long term ka turnover bhi tax audit me add kerna hota hai kya (for both after and before 31 jan 2018)
simply amazing especially after seeing so many worthless videos
Glad you like it
@@FinTaxPro sir my short time capital gain 114000 lac my income lower than 2.5 lac . Than short time capital gain tax applicable for me my income lower than 2.5 lac
HELLO SIR, IN WHICH SECTION WE HAVE TO ADD THE COST OF LAPTOP OR ANY ACCESSORY WHICH WE PURCHASED FOR OUR BUSINESS
Guruji Online Commodity Trading Futures @MCX ke case me ITR-3 or ITR-4 kon sa form file kiya jayega.
Is there any video of yours on 44AA?
I need to know when there is need for maintaining books of accounts.
As per the grandfathering concept the capital gains are calculated according to the price on 31 jan 2018 and the LTCG is calculated accordingly. So for a trader would the same grandfathering concept apply(for equity bought before 2018)? and the sum of the capital gains that is normally under LTCG +STCG would add up to become the profit right?
The Best 👌 👍
How to show Short term capital LOSS and Long Term Capital LOSS in quarterly schedule. It is not accepting NEGATIVE values.
Share trading main Delivery main short term loss i.e Non speculative income ko intraday profit se adjust kar sakte hain ya nahi. Long term capital gain bhi hai.
Sir ...do we need to upload the balance sheet since we have Non speculative and speculative business income.
Pl clarify...it's a request
Online Commodity Trading @MCX per bhi vedio bana dejiye ITR-4 Filing per..GURUJI
Dear Sir, in the expense statement you have only considered brokerage for intra day and not for normal trades. Are delivery trades brokerages not supposed to be considered under expenses? Even sebi turnover exp is not considered in the delivery trades. Kindly clarify 🙏
Also, I'm a full time trader like in this example you have shown. Do I have to pay advance taxes, or can I pay tax after the FY
Dear Sudir,
If you compute delivery shares under Cap Gains then only STT is not allowed.
However if you compute delivery transaction in business income you can claim all business expenses including STT and sebi turnover fee.
@@FinTaxPro thank you
Nice video but you didn't mention how to file for intraday equity losses... Nice job for explaining how to file taxes if you have profit, but what and where to fill losses from intraday equities... Thank you...
Mere paas keval groww ka account hai, usmeinaine intraday aur delivery stock trading Kari hai, uski tax report mein usne charges (brokerage and tax) intraday aur delivery ke alag alag nahi dikhaye balki total de Diya hai, ab itr filling ke time par kya karu?
Doosra question ye hai ki Mera delivery stock turnover 1.6 lakh hai aur profit lagbhag 2500 hai(6% se kam), par meri total income jismein meri salary main hai wo 2.5 lakh ko exceed karti hai to kya main tax audit ke liye liable hoon?
Hi sir !!
isnt there a need to show the holdings as closing stock in ITR 3
How to import prefilled JSON file into excel utility. I cant see any activity panel on right had side of ITR 3 downloaded utility
How to submit share scrip wise income in ITR for taking advantage of grandfathering provision when a trader shows income as business income
sir tax realised p&L pe dena hota he aboslute turnover pe nahi hana or audit 1 cr ke upar karvana padta he hana ya fir 10 cr
thank you very much
Welcome
Agr buy and sell quantity differ to purchase value selling quantity pe jo ban rhi wo uthani yan jo purchase kiye the wo like if i purchase 5 quantity of share @10=50 rs. Now i sell 2 share of 15 each =30 to 20 purchase uthani yan full 50
amazing video
Thanks for a very lucid & compact informative video. My salary income is above 10 lakhs, stcg of 7000 & ltcg is 22000 from mutual funds but I have a loss of 95000 from intraday share trading. My turnover is less than 2 cr.
Kindly guide me if tax audit is required in my case.
ruclips.net/video/P04-IECrAns/видео.html
Nhi karna audit
can we add dividend income to PGBP instead of other income for share trading?
Happy New Year.
Is it required to upload the balance sheet since we have Non speculative and speculative business income.
Without balance sheet the...we will get a not u/s 139 (9) as defective return and the department wants to upload the balance sheet and then file the return under the same section.
Pl clarify sir....
Thanku sir ji ❤️
Sir having capital gains and buisness income which ITR form should I filed
Sir agar hum books maintain kr rhe h to intraday ke profit ko bhi P&L ka part ni bna skte?
Ise alag hi dikhana zaroori h tb bhi?
sir 2 property sale karke 2 property purchase kar sakate hai ?
sir meri salary, f&o ke under option mai loss and intraday mai loss hua hai or maine ek property bhi sale ki hai....mujhe konsi itr bharni chaiye or audit karana hoga ya nhi
Sir im intraday and delivery trader but not a regular business so i can claim exp like stt,gst and other
Sir, brokerage commission income kaha show karni h? And iske liye ITR-2 fill kar skte h kya ,if it is approx 2500 only.
Thank you very much for such an informative video. I have a query. Which form to use if I have intraday, short term and long term trades as well? I don't have salary income.
ITR 3
I have loss in my intraday trading and profit in delivery trade.To claim the loss as speculative loss,am I supposed to keep the books of account and get the same audited?
You are definitely superb!
Sir in STCG for normal business
if income is more than 2.5 lac and profit is less than 6% , tax audit is not compulsory in dont opt U/S 44AD IN OF 5 previous year ITR.SIR What is ur view
In your previous video you said that if you are taking your Capital Gain income as business income then Dividend will be treated as business income but here you entered dividend in other sources. Can you please clarify this?
Amazing video, keep going, aapne jo link Zip karke rakha hai wo nahi khul Raha hai, agar seperate file load kar dete toa Jayda sahuliyat ho jati sabko
my short term gain is 5 lac in equity and 1.5 lac loss in F&O. can I adjust loss and which ITR I should file as a individual. and can I take all expenses excluding STT.
Can I adjust loss from trading in shares with profit in mutual funds? Please suggest
No
@@PhDLaw Thank you🙏
U can carry forward the loss in shares to next year n adjust with profit in shares
If the assessee is having only speculative loss.. so reporting in no account case is enough.. the loss is around 1100.. not reporting balance sheet and p & l a/c in ITR 3 will any notice will be issued after filing???
AGR fno m intraday kr rhe h toh kya hoga
Capital gain under PGBP, whethr, 111A and 112 A is applicable? Kindly , you may inform me.
Plz make a video on how to file itr 3 for advocates...
But ye turnover sirf capital gain se lenge sirf if there is other pgbp also then ?
Sir mera intraday me 600 ka loss hai banki sara investment purpose se hi realised gain 5790 hai but unrealised loss bhi hai 16750 ka toh kaun sa itr file karna hoga. F & o nahi hai aur koi other income bhi nahi hai
Sir, Can salary holder show his share transactions under PGBP head ?
Sir, very good information
Can short term capital lossess from share trading be set off against long term capital gain from property sale ?
Loss in share trading & profit in property sale should be in same year or can it adjusted in within 8 years ?
Normally I trade in equity through MTF , wherein I need to pay around 30% of total value of purchase and sale the same when target achived. My account will be credited only my margin + profit. In this case what is accounting treatment please . Whether full sale value in income side and full purchase value will be expenses side ? if my purchase value 100, but I paid only Rs 30/- But I need to show Rs 100 as my purchase ? Is it right ?
Nice👍👍
2.5 lac limit (for tax audit) is total taxable incoem or from only strading business? bcz if total taxable income then it will be after all heads & all via deduction also.1!1
If
I purchase stock on delivery basis and sell on same day, will profit / loss earned be considered as intraday (speculative income ) or otherwise?
Sir, ITR 3 filing k kitne charges lenge aap
Please make one video for f&o turnover calculation and profit for I tax
कोई वीडियो मिली क्या?
Sir i have ipo profit of 2Lacs can i show it as pgbp along with other other business of clothing
Clothing business np = 2Lacs
Trading busienss np = 2L
Total 4L
Do i need audit in these case ?
Can i show ipo income as pgbp?
Thank you for whole effort for making easy to do video
Sir i am a student(no earning) and i earned 1lacks lacks from swing trading(held stocks for more than 1day and less than 365days in cnc Or delivery basis) do i have to pay taxes
I have turnover less than 2 crore from share,f&o, intra day business. But my profit less than 6%. So i have to maintain books of a/c as per sec 44aa and get tax audit also. Isn't it ?
Income from F&O segment ka tax kaise Vara jata hai ..
Sir shopee seller ka gst filling ka ek video bana dijiya.....
sir, it is possible to include laptop cost to control the income which is exceeding basic 2.5 lac . in my case stcg income is 2.64 lac after deducting stt and other trading expenses. and intraday losses are about 1.50 lac. kindly help.
can we include laptop buying cost as expense for trading ?
reply here if you get to know?
Sir, when we treat Share as stock then the holding of share as per holding statement as on 31.03.2021 will be our stock in trade, right? Then why to fill 0 in details of stock in ITR?? Will this not attract notice of correction?
Please reply fast ..due date has already approached.
sir ji do you file itr return .
Also please share any video having F&O Loss filed
Fno ka turnover nd delivery ka turnover dono ko add hone k baad non speculative turnover banega naa??? Aur fno ka loss delivery k sath set off k baad realise PnL banega naa???
Finally kya kiya aapne?
Sir we need 1 video on SWP how to show in ITR and tax pls
Sir, option में अगर intraday transaction हुआ है तो वो business income में है या speculative में? please बताई।
Business income
one more question, as you said that when total profit is less than 6% but total income is more than 2.5 lac then tax audit is applicable,please explain that other income like from fd interest is included or excluded. thanks
Law have no clearity on this point.
44AB specify "Income" only. On a safer side i would consider it as Total Income
@@FinTaxPro thanks
Thanks 🇮🇳
NICE SIR
Sir, pls include Schedule FA as well on how to declare Foreign Stocks.
Will make a seperate video on that
@@FinTaxPro Where do we show STCG from Foreign Stocks on Computax?
Sir जी अगर 25 lac STG gain है और 15 lac speculative intraday loss है TO 50 lac है, क्या ऑडिट compulsory है??
No other income
Can I file itr for 2020-2021 AY today Feb-2022
How to treat stock in trade in trading stock