Future and Options Income Tax Rules || Audit Rules || Turnover Calculation and Tax Rate on F&O

[@CASumitSharma]

👉For Professionals Help Click Here - bit.ly/casumit

[@JayPatel-pk8qm]

Agar partner ship firm mesa f&o trading kare to uska income tax rules or rate kiya h.?

[@asimchakrabarti6011]

Excellent, even no IT expert will never explain like this.

[@CASumitSharma]

Glad you liked it!

[@localtrader2023]

Superb.. you are the only youtuber who explained everything in F&O so perfectly within 15 mins . Thanks

[@CASumitSharma]

Glad to hear Thank you

[@RanvijayKarsh]

​@@CASumitSharma Sir Mai agar apni wife k nam se account open kr ke trading krta hu Jo ki house wife hai aur Mera profit 2.5 lakh tk hai to kya mujhe tax pay krne hoga

[@RanvijayKarsh]

Pls reply sir

[@RanvijayKarsh]

Kya ITR filing compulsory hai

[@CASumitSharma]

Better to file ITR To justify all bank transaction

[@dhanesh19]

Simple Explanation of a Complex Subject.....Your efforts are highly appreciated🎉

[@CASumitSharma]

Glad to hear Thank you 😊

[@sangeetasinghal3229]

Maan gye guru kya explanation diya hai salute hai

[@CASumitSharma]

Thank you ji

[@ascommerceknowledge9512]

Sir dil se 1 baat kah raha hu maine pahli baar kisi ki video like ki hai because is topic k regarding itna simple kisi ne nahi samjhaya, so thankyou so much sir❤ I am also pursuing CA❤

[@CASumitSharma]

Glad to hear Thank you And wish you best of luck for all your future endeavours ♥️

[@kantilalgandhi2004]

😊a❤

[@harmindersingh2417]

In case of loss where turnover in f&o is less than one year; whether book of account is required to be audited so that the loss can becarry forward nd same could be set of in next financial years

[@rbkassociates]

​@@harmindersingh2417praise him to get reply

[@NK-ni3qx]

Thank you Sumit ji. Brief but with complete substance.

[@CASumitSharma]

Glad to hear Thank you

[@azadsingh233]

Excellent, very informative info for traders

[@CASumitSharma]

Glad to hear Thank you 😊

[@modifan3144]

One of the best videos on FnO taxation. Jai Hind

[@CASumitSharma]

Glad to hear Thank you

[@pankajkantpatel5705]

Complete knowledge mil gaya sir. Very informative 👏

[@CASumitSharma]

Thanks and welcome

[@vijaym7356]

Best lecturer i have seen .owe you sir 🙏

[@CASumitSharma]

Glad to hear Thank you

[@surendrajena4194]

Wonderful information on ITax related to stock trading.Many tax consultants are not clear on this. Great information..

[@CASumitSharma]

You are most welcome

[@sunnysunny-ph6pb]

Bhot bhidiya video bhiya.. like nd subscribe karne k liye majubr ho gaye♥️👌

[@CASumitSharma]

Glad to hear Thank you 😊

[@sachinn7072]

Thankyou so much for making this video.. Very well explained. I was looking for this information but couldn't find any video on youtube, finally today this video popped up and all my doubts are clear. Thanks a ton....

[@CASumitSharma]

Glad to hear Thank you

[@MenAreBrave9]

Sir, thank you very much for helping me so much, you are great, you cleared all my doubts.

[@CASumitSharma]

Glad to hear Thank you Best wishes for all of you future endeavours

[@MenAreBrave9]

@@CASumitSharma ❤️💕

[@PradeepGumbira-wl3gt]

Thank you very much for your detailed input on TAX against shares.❤

[@CASumitSharma]

Glad to hear Thank you

[@BSKARANDE]

Very well explained sir ji If I would have asked CA how to calculate F&O transactions tax , he would have changed me more than Rs. 3 to 4 thousand.

[@CASumitSharma]

Great

[@sanjaymewati1212]

Thanks for this wonderful knowledge

[@CASumitSharma]

Thanks and welcome

[@naveensharma5278]

Accha btaya.. 👍 clearity se Thanks

[@CASumitSharma]

Happy to help

[@nileshshendre5135]

Superb Explanation ❤ All Details Covered. Thank You 🙏

[@CASumitSharma]

Glad you liked it

[@ganganaikg5792]

Thank u for u r efforts in educating us God blessu

[@CASumitSharma]

So nice of you

[@dkaggrawal7972]

Very good information

[@CASumitSharma]

Thank you

[@totalentertainmentzz9882]

Sir I have STCG and LTCG and loss from Intraday and loss from option, So I want to know during making balance sheet which portion of capital taken as capital, bcz I have invested in stcg and ltcg also, So we take capital for only used in intraday and option or take all capital used in share market including stcg and ltcg and intraday and option. Also I want to know the calculation method of capital of intraday and fnO?

[@CASumitSharma]

Replied on WhatsApp

[@totalentertainmentzz9882]

@@CASumitSharma how I check

[@sandeepaggarwal8491]

Very nice explaination Sir…..thnx

[@CASumitSharma]

Most welcome

[@jaimishpipaliya4851]

Great information sir

[@CASumitSharma]

Thank you

[@morsanavallabh1405]

Very nice information and explained in details about f&o, intraday, ltcg, etc .thanks for your good efforts 👌

[@CASumitSharma]

Happy to help

[@morsanavallabh1405]

Sir I request you, to prepare a detailed video on balance sheet for option trading only for itr3.

[@nilakanthamahana3275]

Your explanation is superb

[@CASumitSharma]

Glad to hear Thank you

[@murugesang8580]

Very good narration. Hats off sir.

[@CASumitSharma]

Thank you for your kind words ❤️

[@SanjeevSharma-nv1hs]

EXCELLENT

[@CASumitSharma]

Thank you Sharma ji

[@Akash.Pal.B]

Best video Sir Ji

[@CASumitSharma]

Thank you 😊

[@ajitmagar]

Very SuperB...I was looking for this only...!!! liked. Subscribed and shared...Keep doing such informative videos !!!❤🙏👍

[@CASumitSharma]

Thanks a ton for your kind words ☺️

[@gopalmeharwade3816]

Well Explained hence Subscribed. Worth hearing for 14 Minutes. Well done.

[@CASumitSharma]

Glad to hear Thanks 🙏 And best wishes

[@sunilsheth5854]

v.nicely explained. thank u

[@CASumitSharma]

Happy to hear ☺️

[@sureshkedia7607]

Very fruitful video

[@CASumitSharma]

Thank you

[@manishchandarana8211]

Simple and complete explanation sir❤

[@CASumitSharma]

Glad you liked it

[@tourist3066]

Fantastic Video

[@CASumitSharma]

Thank you very much!

[@RajKanwar-jg3dv]

Great Information Sir g

[@CASumitSharma]

Thank you

[@SantoshSingh-ky1wr]

@@CASumitSharma Sir aap kis city se hai...

[@CASumitSharma]

Sri Ganganagar Rajasthan

[@kasatrading]

Sir really really best explain

[@CASumitSharma]

Thank you

[@sudipmondal2672]

Salaried person + future n option income k liye itr ka kaunsa form fill kare.. Itr I ya fir itr3

[@rajkumar-bn5ic]

Bahut badhiya Se Samajhaya Apne

[@CASumitSharma]

Thank you 😊

[@rammeena8364]

Thank you sir for valuable information.Jai Hind sir

[@CASumitSharma]

🙏🙏

[@tapashgoswami1693]

Ur explanation is great sir.

[@CASumitSharma]

Thank you

[@someshsahu6893]

Bohot ache se smjhaye sir 👍

[@CASumitSharma]

Thanks 😊

[@StockSprint-byVRS]

Nice explanation 🎉🎉

[@CASumitSharma]

Thank you 😊

[@navinpathak4214]

Excellent explanation. Thanks.

[@CASumitSharma]

Glad it was helpful!

[@vandanabhatia8724]

Last year, I came to know that to claim F& O losses we have to get the tax audit done mandatorily, but I feel as per your Tax audit depends upon Turnover. Please guide me, if I want to claim loss and file ITR 3, should I go for tax audit, my turnover is less than 2 cr. Thanks for explaining in a crisp way.

[@CASumitSharma]

Audit not required

[@vandanabhatia8724]

@@CASumitSharma Thanks for your reply. Filed ITR in 44AD, now want to claim losses by filing ITR3 under normal books ? Audit required to opt out of 44AD for F&O losses?

[@sschannel1415]

Sir a person have losses in F&O above 3 lacs, and as per f n o calculation his turnover is 8 lacs, how can we show it in ITR, PLEASE guide

[@rakeshss9282]

Thanks for this question ❤, even though I had the same doubt, last time we did the tax audit for claiming loss where in turnover is less than 2 cr, now my doubt cleared

[@thriftit_online]

Great #Helpful #Amazing #Content 🙏

[@CASumitSharma]

Glad to hear Thank you

[@TheRedBlogger]

Superb explanation sir .

[@CASumitSharma]

Thank you dear 😊

[@pradeepkhatri3130]

Thanks a lot... Very nicely explained

[@CASumitSharma]

You are most welcome

[@shishusingh225]

Sir me aaj hi aapke channel se juda hu.🎉🎉

[@CASumitSharma]

Thank you 🙏

[@mitparmar7673]

Very good explanation great knowledge 👍🏼

[@CASumitSharma]

Glad it was helpful!

[@Virender_DJJH]

Lajwab information sir 🎉🎉, 👍👍

[@CASumitSharma]

Thanks 😊

[@nuruddinnoorani4434]

Excellent sir

[@CASumitSharma]

Many many thanks

[@shyamji7242]

Very nice video sir

[@CASumitSharma]

Thanks and welcome

[@srs5323]

Sir please NIFTy 50 and nifty bank के बारे में जानकारी दें। इस पर भी tax calculation कैसे किया जाता हैं, please suggest AND video बनाइए। ये video बहुत ही शानदार और ज्ञान वाला था। प्लीज आप आगे भी ऐसे ही जानकारी देते रहें। धन्यवाद

[@CASumitSharma]

Sure Will try

[@srs5323]

Thank you sir

[@premalfichadiya5690]

Sir options me intraday kre wo speculative income calculate kiya jayega ya non speculate

[@CASumitSharma]

Income from futures and options (F&O) trading, even when bought and sold on the same day, is not considered speculative income. Instead, it is treated as non-speculative business income under the Income Tax Act in India. This classification applies regardless of whether the transactions are intraday or held for longer periods. You will need to report such income under the head of "Profits and Gains of Business or Profession" and maintain proper books of accounts for it.

[@amarshah953]

Very informative 👍

[@CASumitSharma]

Glad you think so!

[@pompadutta]

Good Information 💯💯💯💯💯

[@CASumitSharma]

Thank you 🙏

[@vivekgupta263]

very helpful video

[@CASumitSharma]

Glad it was helpful

[@ArbaazDairies]

Very informative video, sir plz F&O case mai agar hum book of accounts maintain karay to us case mai capital kaisay mention karna hota hai hai balance sheet mai, plz explain wo capital ka amount kaisay nikalay .

[@CASumitSharma]

Sari assets lelo phle Round figure me capital lelo

[@Puspatodaynews]

1 cr profite par kitna tax lagega or nhi de to kya hoga

[@yogeshbhoyar2393]

heartily thank you sir.. For future and options trading tax information... I will u one request sir. This year anyone changes tax about plz share by video..

[@CASumitSharma]

Will make a detailed video soon For the AY 24.25 Thank you for your feedback

[@khanna1986]

Sir, You are very Kind, Quick Answer, Bring Video on stock market. Thanks. I will call you saturday

[@CASumitSharma]

Thank you

[@khanna1986]

@@CASumitSharma well come Sir

[@a346-g1r]

agar hum withdraw nhi krte thoda withdraw krte he to itr me pura show krna hoga or tax kis pr ktega withrwal money pe ya pure saal ke profit pr

[@CASumitSharma]

Poore profit pe

[@pradeepsomvanshi2107]

Income tax act ya kahi government notification me ye mentioned hai ki derivative Profit ya loss income se adjust kar sakte hai

[@metallicsigma]

Great video. Good job.

[@CASumitSharma]

Thanks 😊

[@gst-ek4kc]

Nice video

[@CASumitSharma]

Thank you

[@33eskay]

Nice information. Can u please clarify tax audit in case of intra day trading. I am a pensioner having pension income of 7 lac p.a and liable to pay taxes. I have intraday trading losses of 20,000. Turnover is around 7.50 lac. Should I go for tax audit? Please reply

[@rajufin]

Great explanation . ❤ Plz make a video on Salary + option + capital gain / loss trading.

[@CASumitSharma]

Very soon

[@krishnachoubey4165]

Hello sir ji, For house wife, there is income from "Delivery" Share market (both STCG & LTCG) also interest income from FD. Which ITR to be filled? ITR1 or 2 or 3 or 4? Plz make a detailed video on this 🙏

[@CASumitSharma]

ITR 2 Video already uploaded

[@krishnachoubey4165]

@CASumitSharma I will try to find the video on your channel. But if u cloud share the direct link here would be much appreciated Thank you

[@prathapansankaran5588]

Thanks to the video😊

[@CASumitSharma]

Welcome 😊

[@filmitech8605]

Good information

[@CASumitSharma]

So nice of you

[@p.s5682]

Excellent 👌👌👌👌👌

[@CASumitSharma]

Thank you 🙏

[@p.s5682]

@@CASumitSharma Sir, mera ek question hai. Mere CA ne jab mera ITR file kiya for 2022-2023 ke liye to mera Banknifty Options ka turnover 54 Crore dikhaya. Mai sirf options karta hu. Futures kabhi nahi karta. To kya ye Turnover wrong calulate huaa hoga? I mean mera capital sirf 1 Lakh hai. Please reply 🙏

[@CASumitSharma]

Subjective question hai Sara data dekh k hi kuchh bata sakte hai dear

[@p.s5682]

@@CASumitSharma ok sir.

[@nitaigaur8994]

Fabulous Job sir ❤❤

[@CASumitSharma]

Thank you 😊

[@sunild7050]

U r great Thanks....

[@CASumitSharma]

Most welcome

[@mr.atanu0]

F&O only for 2 days purchase koya . 900 Profit 100 Loss . muje kiya Tax dena hoga ? kitna ammount profit and Loss tak Tax Free hain please discuss.

[@CASumitSharma]

Upto 7 lakh income tax free In new tax regime

[@pkm3319]

Sir, What kind of bank account required for Future and option trader saving or current ?

[@CASumitSharma]

Better to use current Otherwise saving is okey

[@pradnyeshlotlikar4075]

Hi CA Sumit, just 1 question: Salary income 6lacs Turnover from FNO 36000 Profit from FNO 9000 A) Is tax audit necessary? B) BOA necessary under 44AA? No question of 44 AD I think both is not...pls stafe

[@jatinarya4914]

Great

[@CASumitSharma]

👍👍

[@kk-fy1go]

If i have profit of 2cr in fno , do i have to pay surcharge, educational cess etc, for eg. I claim no deductions and after claiming brokerege charge etc, it comes 2 cr approx. How much tax i have to pay,

[@CASumitSharma]

As per slab rates

[@vinodbhaipatel5512]

Very Very good

[@CASumitSharma]

Thanks 💯

[@satnambhatiagurgaon7675]

If loss in short term and profit in long term, can it be sett off

[@jagdeepsingh9270]

Sir g mere ko 2023-24 me 55000 options me lose hua hai aur short term me 60000 ka profit hua hai mere ko tax kitna bharna padega

[@CASumitSharma]

0

[@dileshwarpkr393]

bahut badhiya sir....shukriya

[@CASumitSharma]

Thanks 😊

[@Reliable-Indian]

F&O aur intraday k sath agar kisi ko short term aur long term capital gain hota hai (i mean agar equity me bhi delivery me share buy or sell karta hai) to konsa itr form fill karna hoga.

[@CASumitSharma]

ITR 3

[@bachhumondal-v2y]

Hamara jaisha jo log trade karta 30-40 hazar sa... Unka to turnover 15 sa 20 lak ata hay approx or profit may rahata ha to sirf 50 -70 hazar...to hum jaisha ko kya audit ya tax kuch korna hoga!!!?

[@CASumitSharma]

No

[@hometv539]

Thank you for the video

[@CASumitSharma]

You're welcome

[@ec9xr]

Sahi me. Excellent explanation. Sir, Main student pichhle saal se trading f&o kr rha hun abhi p&l me mera 1.20 lakh ka loss hai to kya mujhe v tax Deni hogi

[@CASumitSharma]

No tax No ITR

[@ec9xr]

​@@CASumitSharmaThanks for your attention

[@rakeshchorasiya378]

Bhaiya ji, old tax regime me maximum overall kitna rebate le sakte hai

[@CASumitSharma]

5 lakh

[@rakeshchorasiya378]

Thank bhaiya ji

[@deepakkhatri5872]

Sir ji itr me f&o ka loss kisi year me show nahi kar paye to Or itr nil ka bhara hai, no tax in this year

[@kanbajaj]

Sir, new turnover calculation aa gayi hai. Absolute P&L ko hi calculate kareng, sell value add nahi ho gi in option trading.

[@CASumitSharma]

Correct

[@krishnasoni3516]

Trade value f and o me10 cr se upar hai in one fy lekin loss hua hai kitna tax lagega

[@CASumitSharma]

No tax Audit required if turnover cross 10 cr

[@amolghadage2175]

Books audit itr file karne se pahele 31st march ya fir 31st July pai karna hoga

[@CASumitSharma]

Audit date is 30th September

[@akash_bhatiya]

Thank u for this info...

[@CASumitSharma]

So nice of you

[@somnathkode]

Salaried employee trading karta ho, uska itr filled video banayiye...

[@CASumitSharma]

Trading in intraday or stcg ltcg?

[@mr_gamer7545]

Sir future option trading me gst lena padti h kya plz reply ❤❤

[@CASumitSharma]

No

[@GAMING_TUNNEL]

Sir mai 3 saal se options me khelra hu i think loss me hi hu kya muje incometax return aayegga or aaya bhi to kya hogga?

[@CASumitSharma]

Better to file ITR To justify transaction in your bank account and pan card trading account

[@BankNifty12245]

Anyone please reply 🎯❓ 2 year shock profit 10 Lakhs chal rha he agar me ye share sell karke kisi or company ke share buy kar lu to kya tex lagega ya nhi

[@CASumitSharma]

Tax is need to pay on realised profit

[@Rohit_prajapati..]

Sir mai student hu aur mai fno ka loss carryover krna chahta hu..... Aur meri other income bhi nhi hai to kya mujhe ITR 3 bharna chahiye

[@CASumitSharma]

Yes

[@damodarmittal710]

F&O loss can be adjusted from short/long term gain. If yes pl. Let me thr rule/section. Thaks.