Set off of F&O Losses | CA Anoop Bhatia

Tax Planning Course: taxplanningfor...
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. नमस्कार दोस्तों, फ्यूचर एंड ऑप्शन्स ट्रेडिंग से हुए लॉस अथवा हानि को किस प्रकार से सेट-ऑफ अथवा कैर्री फॉरवर्ड एवं सेट ऑफ किया जा सकता है, इस प्रश्न से सम्बंधित महत्वपूर्ण प्रश्नों पर यह वीडियो आपकी सेवा में प्रस्तुत है। आशा करता हूँ, आप इस वीडियो को उपयोगी पाएंगे आपके बहुमूल्य कमैंट्स एवं सुझाव सादर आमंत्रित हैं ।
Dear Friends, what is the process of set-off and carry forward & set-off of Future & Options trading related losses is an important aspect in context of number of assessees booking such losses and finding out the ways to adjust the same in their ITR. This video accordingly is an effort to provide solution to probable queries on the subject and provide better insight thereof. Your precious comments and suggestions are most welcome.
#F&OTaxation
#F&OLosses
#TreatmentOfF&OLosses
#LossesFromFutureAndOptionsHowToAdjust
#AdjustingF&OLosses
#F&OTradingAndAdjustmentOfLosses
#Future&OptionTradingAndTreatmentOfLosses
#WhetherF&OLossesAreSpeculativeLosses
#F&OANonSpeculativeLoss
#SetOffOfF&OLosses
#F&OTradingAndIncomeTax
#IncomeTaxOnF&OTransactions
#F&OTransactions
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[@impacttheplaceforperfectio5064]

Sir we learn lot & upgrade ourselves by your endeavors .. thanks Sir

[@CAAnoopBhatia]

Thanks for kind appreciation Sir.

[@sunilkumarjain9430]

Bahut sunder tarikay say aap samjhatay hai bhatia ji🙏🏻

[@CAAnoopBhatia]

Dhanyavad Sir.

[@TravelWithRD]

Sir how much fno loss can be set off against STCG? I am getting only 50% fno loss set off against this capital gain? My fno loss 62k, STCG 87k, but set off benefit for only 31k loss, why?

[@naveenrawtani190]

( 1) LTCG/STCG have different tax rates than the normal tax slab rates (Business Income). Still FnO loss can be set off against LTCG/STCG- don't understand why? (2) When FnO loss is carried forward and the assessee does not have any Business income in future years. Assessee has got only 'other sources' income- what will happen to such CF FnO loss?

[@nishikanthambir6880]

very very informative video . Thanks Sir.

[@CAAnoopBhatia]

Most welcome

[@dobhalamit1142]

If fno losses were in previous yr also can it be included during filing this year and adjusted in house property sale gain

[@kanhaiyalalbaharani20]

Bhatiyajee/Aapka Explanation Power/Good hone ki vajah se Saralta se Asani se samaj AA jata hai Humara saval hai ki F/o Loss Age ye F/o work nahi karna hai To ITR 2 me ja sakte hai kiyoki F/o me profit nahi hai Loss bhi Bada Nahi hai Approx 30000 Please Ans

[@iqrazonecommerce6126]

600000 profit in readymade garments business and 50000 loss in F&O. F&O loss whether set up or not in Garment business. On how much income I have to pay tax.550000 or 600000.

[@nandkishoreb8696]

One has to file form 10IE before filing ITR 3 if one is opting for new tax regime. And if he/she has income from fno , what could be the business option one has to select in that form 10IE ?

[@hussainaamir23]

Sir can we adjust the loss against income from Provident fund???

[@amardixit009]

If someone has losses in Fno last year but he had done neither set off nor carry forward and he has losses in Fno for current year too so how can he setoff last year losses or he has to do setoff from current year only?? One more thing can these losses can be setoff to income from Mutual funds or say LTCG?

[@arvindkumarpatel7844]

F&O loss 300000 Short term capital gain 100000 Set of kar sakege ? Or 200000 keri forved hoga ?

[@ashokbhama]

सर ऑप्शन का नुकसान 8 सालों तक के लिए मैं कैरी फॉरवर्ड कर लेता हूं लेकिन क्या मैं इस नुकसान को शॉर्ट टर्म कैपिटल गेन में अगले सालों के लिए एडजस्ट कर सकता हूं क्या

[@Melody-gi1mf]

Same question

[@bishnuray6405]

In which order the FO lose will be set off with all other incomes?

[@maxray8580]

Sirji, I did not know to file tax for last FY. I traded for maybe 4 months from December to March. Had few losses in both Equity and FnO. This FY I learnt about filing tax. Do I need to file tax separately for both financial years?

[@komalsanas9742]

Sir mere long term capital gain mai profit hai or intraday mai loss hai to mai isi financial year mai kaise set off kr skti hu

[@tankkhushal]

Personal F & o loss ko proprietorship ke f&o loss se set off kar sakte he ??

[@samrendra81]

Carry fwd fno loss ko STCG se setoff krsakte hai kya?

[@Seabiscuit4444]

F&o losses in commodity and currency can also be carried forward or adjusted in business income ?

[@CAAnoopBhatia]

Yes why not. Yet actual facts may be relevant before reaching the final conclusion.

[@Seabiscuit4444]

Thank you for the reply sir. Kindly let us know in which we consider it in speculative or non speculative loss in business

[@girwar7773]

बहुत ही अच्छी जानकारी 🙏 ITR मे कैसे भरने का उसका एक वीडीओ बनाए सर जी ।

[@standardtechnomech4876]

Sir, is it necessary to do audit for carry forward losses in options trading. Also give idea about turnover criteria for audit..

[@rahulmathur2321]

Valuable information...👍

[@CAAnoopBhatia]

Thanks Rahul :)

[@theultimatesolution4785]

can we set off fno losses against(1) equity short term capital gain, (2)dividend and (3)FD interest

[@kandaassociates5117]

Thanks a lot Sir... Its really informative and helpful...

[@CAAnoopBhatia]

Welcome.

[@learntoearn1960]

Tq sir clear all doubts

[@myegyan6705]

Sir how to show details in Clause 40 of form 3CD relating to F&O. Please 🙏 guide

[@ravitinkul]

Dear sir this year i have a profit of stcg 500000 and dividend is 150000 and f&o loss is 250000 how to setoff in itr3 of this loss (stcg income also tobe filled as business income kindly help me)

[@CHARVAK]

Thanks for ur time and efforts 🙏

[@CAAnoopBhatia]

Thanks :)

[@saumyasandip6753]

Mera income from other sources 93000 he aur fno k loss 22000 he, to loss setoff hone k bad carry forward loss me 0 dikha raha he, kyan karen sir, 8years tak loss carry forward hoga ki nehi please batayen

[@parambratadatta7727]

thanks sir very helpful😃😃...

[@5123karan]

Sir agar pichle saalo me fno me loss bhut tha, but itr me nai show kia, wo b adjust ho skta hai is saal?

[@Artofsukoon]

Sir I have loss in F&O but profit in LTCG. It is forcefully setting them off against one another. I want to carry forward F&O losses as next yr I'll have rental business income and can cover up these losses.

[@gopalkumar1649]

Future option loss setoff by dividend and saving interest

[@mjsingh8837]

Salaried person Loss in fno Bank interest se kya set off?

[@theashok2412]

Sir, Can brought forwarded business loses set off with business income which is declared u/s 44AD.

[@CAAnoopBhatia]

Prima facie yes no issues in that.

[@anmolpandey2647]

Sir If I missed to show my F and O losses for FY 2021-22(Assessment Year 2022-2023) how I show these after 31 december 2022

[@rajivbarman1]

Dear sir, kindly guide how to reflect in ITR 3 Turnover, and F&O which shows as business loss in case of no account or no books as negative figures are not allowed to feed

[@CAAnoopBhatia]

In my opinion no need to show turnover in case of F&O in ITR-3, pls consult with a CA nearby you.

[@rajivbarman1]

@@CAAnoopBhatia Thanks for swift reply, further can guide me how to show loss under the head of Gross profit for no account case as system not accepting negative figures

[@wingsoftechnology5302]

​@@rajivbarman1 found any solution ❓

[@nareshsindhwal314]

Sir what is set off? If I loose 1lakh in F&O segment and then gain 2 lakh in F&O segment. Then no need to pay tax for 1lakh and I should pay tax for remaining 1lakh. Sir please give example not understanding what is setoff.

[@CAAnoopBhatia]

You should pay tax for the balance 1 lakh.

[@nareshsindhwal314]

@@CAAnoopBhatia thank you for reply sir.

[@harshgoyal7030]

Thanks for your effort

[@CAAnoopBhatia]

It's my pleasure

[@vikashbabu7522]

Sir , if I show gift from friends is other source of income then will f&o losses be set off against gift income (other source of income)

[@vinayakpatil5269]

IF i not File ITR because income not more then 250000 but i have F&O loss .. But now i have profit then and started ITR file .. so how can i carry forward past losses ..

[@rintuswain]

Sir ,I have F&O loss in wife account. Can I adjust same in my F&o income ?

[@128a51achd]

Do I need to carry forwarded my loss of 2017 shown in ITR. In 2918 I again suffered loss and had shiwn it in ITR. However, I hadn't shown a combined loss in 2018 by specifically mentioning 2017 loss as brought forward. Though standalone loss was mentioned in 2017 & 2018 ITRs individually. Shall I be abke to square of my gains in 2019 by considering total loss of 2017 and 2018 as combined. Was it compusory fir me to repeat my 2017 loss agsin in 2018 ITR? Please clarify.

[@divyaalok5538]

Awesome Inc

[@CAAnoopBhatia]

Thanks for the visit

[@geographywithb.k.sir.2484]

Bahut badiya sir

[@CAAnoopBhatia]

Dhanyavaad.

[@geographywithb.k.sir.2484]

@@CAAnoopBhatia sir short time capital gain ko f&o k sath set up kiya ja sakta h esa aap bta rahe h but c.a bol rhe h ki sirf long time capital gain ko hi set up kiya ja sakta h.plz send me ur number

[@businessfacts5966]

Sir is it compulsory to audit tax if anyone wants to Carry forward f&o loss.

[@onkarshinde4424]

No

[@CAAnoopBhatia]

Tax audit applicability is dependent on turnover but not on losses.

[@aparnadange7168]

whar about F n O profit can we adjust F n O profit with Short term or long term Gain

[@CAAnoopBhatia]

F&O losses may be adjusted against short / long term gains,if any.

[@piyushchande5942]

Can , income from remuneration & interest on capital from Partnership firm to Mr. A , and he had Losses in F&O business.... Whether Setoff can be Adjusted???.....

[@CAAnoopBhatia]

Yes prima facie set-off is allowable.

[@vikashraushan6572]

F&O ka loss kitna saal tk CNF kr sakte hai sir? And isme turnover for tax audit me Absolute value of profit and loss ka sum hi lenge na sir and not actual sale and purchase value?

[@shantanupednekar]

Great sir, keep it up

[@CAAnoopBhatia]

Thanks a ton

[@santibalshikshaniketan7514]

can u tell who can set off with FnO loss with other business income ?

[@CAAnoopBhatia]

Any assessee may avail such benefit.

[@girwar7773]

ITR को में कैसे व किस ITR form भरे , ITR 3

[@dobhalamit1142]

Also please suggest any CA in Uk

[@Healingambience7]

Sir i had a query.. I have an fno loss of 4lakh and turnover is 3.5 cr.. In 2021-22. I want to settle it this year itself as i am quitting fno. Do i have to pay tax according to turnover even if i am at net loss? Is 6% tax on turnover applicable even if i have losses?

[@Aloksingh-xb6jz]

Hello sir main 11 lakh ka loss kiya hai fno me turnover kaise pata chalega main to simple hi loss carryfarwad kiya hun

[@CyberneticPsychedelic]

very useful video.

[@CAAnoopBhatia]

Glad to know that. Thanks.

[@sureshgupta8122]

Can I set off unabsorbed losses of previous yr with current year F & O profit. Pl suggest

[@CAAnoopBhatia]

In my opinion it may be possible.

[@banamalighorai3972]

nothing audioable

[@vineetbhatt7792]

Sir, Good evening. Thanks for guiding us. Sir, Can we set off Mutual fund redemption profit (short and long term) from F&O Losses? Which ITR can be filled for salaried and Trading person(Intraday, equity, mutual fund, F&O)? Please guide. Thanks Bineet

[@vineetbhatt7792]

Also can, Profit from EQ can be set off from F&O Losses?

[@CAAnoopBhatia]

Prima facie opinion is yes. However would suggest you to consult with your CA even.

[@shashankyadav6370]

Dear Sir, टैक्स पेयर पेंसनर है और उसे पेंशन से आय 6लाख के आस पास है लेकिन इस बार उसे 50लाख GPF भी मिला है इनकम जो fully exempted है और फॉर्म 26as में भी नही दिख रही है। सर तो क्या itr भरते समय इसे इनकम में जोड़ कर exmeption लें या इसे छोड़ दिया जाय चूंकि 26as में आ ही नही रही और exempted भी हैl क्यो की सारा सैलरी में जोड़ देते है तो इनकम 50लाख + हो जाती है। हालांकि टैक्स देनदारी जीरो बन रही है।

[@CAAnoopBhatia]

No need to offer in exempt income in my opinion. However you may consult with your CA even.

[@shashankyadav6370]

@@CAAnoopBhatia thank you sir

[@VINODKUMAR-lj5in]

Sir kya f&o loss ko set off business income k baad kisi bhi head m kar sakte hai ja fir kisi karam(series) me karna padta hai jaise k pehle income from other sources aur uske baad capital gain me please reply

[@CAAnoopBhatia]

Except salary, you may adjust such losses against any other income.

[@dilipkeshari1711]

Thank you sir

[@CAAnoopBhatia]

Thanks :)

[@pnkj238b]

Dividend se f&o ka loss setoff ho skata hai?

[@CAAnoopBhatia]

Yes its possible.

[@MukeshSharma-lw7qz]

Sir HUF account fund se stokes market me trading kar sakte hai kya

[@CAAnoopBhatia]

Yes why not

[@malavraval9648]

F&O me profit hua hai, short term capital loss hua equity me wo set off honge??

[@CAAnoopBhatia]

Set-off not possible in such case if we treat F&O as business income.

[@ratnadeepfarkya7474]

Hello Sir, let's say I have 4 lacks RS of loss in F&O in this year and in mutual fund which l am holding last 4-5 years if I sell today so mutual fund profile will be set off against the F& O losses ?

[@CAAnoopBhatia]

Yes prima facie its possible.

[@9kaustav]

Isko ITR meh show kaise krte hy wo bataye

[@CAAnoopBhatia]

You may report it as business loss.

[@9kaustav]

@@CAAnoopBhatia Sir i need to understand that while filling ITR 1 it will get shown or do i need to file ITR1 & 3 seperately and then claim it seperately

[@maheshmore5090]

Sir, i have one qwerry, Can carry forwarded loss of STCG Loss from share trading(one sourse) be set-off against LTCG profit from property sell (another sourse)within 8 years ?

[@CAAnoopBhatia]

If you offer income from share market transactions as capital gain loss then the adjustment of same against LTCG in my opinion is possible, yet would advise you to consult with your CA even.

[@jaihind897]

Sir f&o loss kitna sal tak carry forward kar sakte hai

[@CAAnoopBhatia]

8 years.

[@jaihind897]

Sir loss ko carry forward karne ke liye itr bharna padega kya aur eska last date kya hai mera january 2022 me 4 lack loss hua hai😭😭😭

[@djdk9991]

Sir does fno expenses added to fno loss during reporting and then setoff. If not then where to report fno expenses.

[@onkarshinde4424]

You can show via trading or PL account

[@CAAnoopBhatia]

I appreciate Onkar's view.

[@onkarshinde4424]

@@CAAnoopBhatia Thank you sir. You have increased my interest to learn new things. Also sir how to take deduction of advance salary on which tax has been paid in earlier financial years??

[@yaduvanshivlogs.]

Sir mene kabhi bhi apni life return file nahi or m first time return file karna tha AY 21-22 ka ku ki mere mujhe share se capital gain huaa or tax payable Banta h kya m 119(b)2 me return kar shakta hu

[@CAAnoopBhatia]

If tax is payable for AY 21-22 then you should file ITR-U.

[@yaduvanshivlogs.]

@@CAAnoopBhatia if other option except ITR U

[@manishpritamkar4264]

Hello Sir, I have STCG of 110000 and future loss of 100000 . Can u please help me in understanding 1. Can I fill income tax from ITR 2? 2. Can I set up in ITR 2 with the above scenario of future loss nd STCG? THANK YOU IN ADVANCE SIR

[@CAAnoopBhatia]

In my opinion due to F&O transactions ideally ITR-3 should be filed.

[@manishpritamkar4264]

@@CAAnoopBhatia Thank you sir. Can my fno loss be offset with my equity gain?

[@SumitRajput-zl1db]

Sir, Mein Solar System ka Bill, 125000/- ka hua hai, us mein 25000/- Govt ki subsidy hai, to muje 1,00,000/- dena hai Solar syatem walo ko, to muje GST 1,00,000/- par lagega ya 1,25,000/- par dena hoga ? Please reply. Jo Govt ki taraf se subsidy hai us par bhi GST lagta hai solar system mein ?

[@CAAnoopBhatia]

In my opinion GST should be payable on 1.25 lakh.

[@SumitRajput-zl1db]

@@CAAnoopBhatia Thank you,sir for your reply. But sir, as per section 15(2) of CGST Act, 2017 - The value of supply shall include - (e) subsidies directly linked to the price excluding subsidies provided by the Central Government and State Governments. Subsidy on solar system is provided by Govt. Please clarify sir.

[@bharatgoswami4437]

Sir agar other income he jese salary fd intrest etc and buisness income bhi he aur f&o me loss he to all income k samne sett of hoga k loss carry forward milega??

[@bharatgoswami4437]

Aur aapse return bharvana ho to kese karvaye

[@divyaalok5538]

Awesome

[@CAAnoopBhatia]

Thanks.

[@jverma0007]

SIR IF I WANT TO CARRY FORWARD FNO LOSSES EVEN I HAVE BUSINESS INCOME CAN IT BE POSSIBLE .

[@CAAnoopBhatia]

First rule is to set-off then you may carry forward.

[@jverma0007]

@@CAAnoopBhatia CAN I SET OFF PARTIAL And Then Carry Forward OR DO I HAVE TO SET IT OF COMPLITE ,

[@AshwaniSharma-xq7wj]

Sir ji , Namaskar, Mera case VIVAD SE VISHWAS Scheme may settle ho gaya tha lakin abi b mera TDS balance tax may adjust kar rahay hai , koi email address batay yaha par FOAM 5 send kar saku. THANKS

[@CAAnoopBhatia]

[e-mail]

[@investforwelth-dy6ys]

Hlo sir I have an question actually I have recived crypto token from prmoting one app and I have get around 15 lakh Rs which I had lost money in indian stock market in future and option trading around 13 lakh so I am in net profit 2 lakh only this year so in that case I have to pay tax of 30 percent of 15 lakh 😭😭😭 please help Or f and o loss can be shown there please reply sir becuse I don't have money to pay 30 percent now or f and o loss can I show there 😭😭😭

[@CAAnoopBhatia]

Prima facie crypto earning is taxable @30% but in your case you did not earn income from investment in crypto rather this currency is your consideration so if I asume that you are setting of F&O losses against promotiong activity income then both may be set-off against each other.

[@investforwelth-dy6ys]

@@CAAnoopBhatia thanks sir for help

[@investforwelth-dy6ys]

@@CAAnoopBhatia sir can you fill my itr 🥺

[@investforwelth-dy6ys]

@@CAAnoopBhatia sir may be you😭 please tell if you are confirmed how can I pay if I am in overall all loss sir

[@shashikantvakte8988]

🙏🏼🙏🏼

[@CAAnoopBhatia]

thanks :)

[@joshiedu11]

Sir government servant can do fno????

[@CAAnoopBhatia]

If your service rules do not prevent you then it may be possible.

[@hb-pr4ce]

@@CAAnoopBhatia sir please answer my question I have fno loss but my ca is saying it won't set off with my short term or long term profits what will I do now can you please help sir

[@rampatel6766]

Sir aap ITR file karte hai

[@rampatel6766]

Apaka mob no

[@rampatel6766]

Sir mera F&0 loss hai 80000

[@rampatel6766]

Sir meri salary + capital gain profit hai .lekin f&o me loss hai . Mujhe Kaun sa ITR file karn chahiye

[@CAAnoopBhatia]

You may write at [e-mail] or connect at 9571055666

[@9733himanshu]

Sir business loss can be set off against fno capital gains ?

[@CAAnoopBhatia]

In my opinion normal business losses can be adjusted against capital gain income.

[@1993SWAROOP]

Hi Sir, I have STCG:- 25000 LTCG:- 87000 And f&o loss:- -150000 I want to carryforward max loss from f&o Is the set off is compulsory where I will have adjust against STCG and LTCG?? Can I do the below( i am 30% slab salary employee):- Pay 15% tax on 25000 Pay 0% tax on 85000 And carryforward all my losses -150000

[@CAAnoopBhatia]

Set off is compulsory.

[@1993SWAROOP]

@@CAAnoopBhatia Thank you Sir for information

[@suyashdhoble2746]

Sir, I need your assistance. It is extremely urgent! My f&o loss is 6,000 rs, but my CA is requesting 22,000rs in tax since he claims you must pay 6% of turnover. Please, could you assist me with this?

[@CAAnoopBhatia]

Sir in my opinion if your turnover is below 1 crore or 10 crore (when the cash receipts / payments are not exceeding 5% of total receipts / payments) then tax audit may not apply. For today you may file ITR with any other income, F&O we may deal later through a revised ITR even.

[@jverma0007]

SIR I HAVE LOSS IN F&O THEN IT ITS MANDATORY TO SHOW LOSSES AND ITR OR AUDIT , I HAVE BUSINESS INCOME WILL IT BE SEEN AT PAPER WHAT ARE BENIFIT OF ADJUSTMENT

[@CAAnoopBhatia]

Even if you have losses, ITR should be filed.

[@jverma0007]

@@CAAnoopBhatia Ji sir I have Business for which i filed Aduit report and itr , can we mention this loss in other head like expense or else

[@NitishKumar-kd9pj]

thoda stand up hoke energetic hoke video banao like Ankit Avasthi sir

[@harshgoyal7030]

Toh Ankit Avasthi ka hi dekh lo.. unko bolo ab next level jaye jogging karte karte video banye, you will feel more energetic..

[@raunakagarwal7827]

You should concentrate on his work, knowledge sharing and not whether he is sitting or standing

[@CAAnoopBhatia]

Nitish bhai thanks for your suggestion. Dear Harsh and Ranunak I also appreciate your affection towards me still suggestions are always welcome. We are in democracy.

[@MukeshSharma-lw7qz]

Sir HUF account fund se stokes market me trading kar sakte h kya ?

[@johnbodh]

Thank you sir

[@CAAnoopBhatia]

Welcome