How To Prepare Balance Sheet For F&O Trading | Balance sheet for F&O Trading profit and loss

[@RTSProfessionalStudy]

You can avail our paid services for ITR filing visit -rtsprofessionalstudy.com/our-paid-services/

[@jaisonsamson380]

is capital account , funds in bank account or funds in broker?

[@ankurjain1513]

Sir in case I have open apri-23 contract option short position and not closed on 31 March I mean carry forward in that case pls suggest entries

[@sriramviswanathan9544]

In case of option buying, there's no premium collected. so, just the turnover by p&L to be taken into consideration?

[@RTSProfessionalStudy]

yes

[@FinanciMasters]

Sir agar f&o sat mera 2nd medicine business h tb ek balance sheet m ho jaiga

[@RTSProfessionalStudy]

yes

[@kamleshjoshi6097]

Sir Net loss can be show in itr in non speculative business....Many tax profession advise us . Not shown loss just show 6% Profit in 44 ad as per turnovers... It is right way to filed the return

[@RTSProfessionalStudy]

no you must show as normal business income

[@ankitaggarwal3491]

Sir.. Futures main sales kaise calculate hogi. (Lot Size x Purchase Price) or Actual Fund used to purchase 1 Lot bcoz of Margin approx 20%

[@RTSProfessionalStudy]

sales value to likha hota hai

[@itisvvn]

@RTSProfessionalStudy how did you calculate the capital opening balance and cash in hand??

[@RTSProfessionalStudy]

Opening balance of capital from last year balance sheet and cash in hand as per your books of account

[@avinagrawal815]

agr fno ki position khadi hai 31/3 ko toh wo kaise report hoga'

[@ArbaazDairies]

Thanks for the video sir , balance sheet mai capital ka amount kaisay nikalna hai plz explain .

[@ankurjain1513]

Sir how to fill it in mcx trading case sir

[@ChemistryDeskAnilSharma]

sir i am using groww app....please ye bataye ki Isme capital fund kaise dekhe jo aapne 480000 liya he...

[@RTSProfessionalStudy]

ye aapko bank me check karna hoga

[@MalnadHouse]

Very cool and easily understandable video. Thank you sir🙏🏻

[@RTSProfessionalStudy]

You are welcome

[@moinkhoja2390]

sir i want to carry forward my fno losses, how can i take your paid service and what will be the charges

[@RTSProfessionalStudy]

visit for paid services -rtsprofessionalstudy.com/our-paid-services/

[@varshajayaram2395]

What if it is loss? Should i disclose sales purchase and expenses an arrive at loss?(and no disclosure of turnover)please correct me if am wrong:)

[@RTSProfessionalStudy]

yes you can

[@smrutisalian6302]

Hi. In pnl report how we can calculate capital

[@RTSProfessionalStudy]

as per opening balance or according to profit and adition

[@technicalcoverage8842]

option loss ko kaise dikhaye ITR3 me? agar koi video ho to please provide link.

[@RTSProfessionalStudy]

must watch this video -kzbin.info/www/bejne/poi0i6qGlLJpoJY

[@chiragsoni6770]

Sir mene every month slowly slowly amount add kiya h to ab capital amount me kya likhana h like u wrote 4L mene ek sath 4L ni add kiya to usme kya likhu

[@RTSProfessionalStudy]

as per pnl report from broker

[@TraderPepe-l5d]

sir I am a student who did intraday trading turnover 18 rupees and loss 4 rupees and my father is small shop owner who receive payment from phonepe business for his shop and since he is not having smart phone and atm so the phonepe business is linked to my bank account and kyc also of my pancard but There is no gst no invoice in whole financial year only 40000 receive do I need to show that income in itr or not it is not my income I am student who did intraday and crypto transaction I want to file belated itr please reply

[@RTSProfessionalStudy]

yes must show all income in itr

[@premi24b]

why to calculate T.O. when we are preparing P&L A/C and B.S.

[@RTSProfessionalStudy]

only for tax audit

[@greenflagvipul]

If the turnover is less than 1 crore then can we show profit of less than 6% and if yes is audit required??

[@RTSProfessionalStudy]

audit is required if show less than 6%

[@nikhilmuley-hc8tm]

Sir wo addition during the year ka jo 480,000 hai wo kaha se aaya hai??

[@RTSProfessionalStudy]

capital lagai hai

[@happycookingwithneha3950]

Hello sir , Where to show "Fee from Professional service" in P&L account and Balance Sheet along with F&O income details, kindly reply??

[@RTSProfessionalStudy]

wait for my video

[@mdtalib4873]

Sir profit negative me hai isme to 6 % wala condition fulfill ni hua to tax audit applicable ni hoga kya .

[@RTSProfessionalStudy]

Dost , ye normal business income hai, 44ad nahi le sakte ho f&O me to 6% or 8% profit dikha nahi sakte, or F&O me loss hai jo carry forward hoga itr me

[@mdtalib4873]

@@RTSProfessionalStudysir isi trading and P&L me other business ka income show kr skte hai na .

[@maheshpandey269]

Sir from where can we get addition during the year figure of 480000 in b/s ?

[@divotiontogod]

it is the amount you have invested into trading, suppose you have a salary income and you set aside 480000 from it to your trading, it will be this amount. to calculate, you simple check the statement ledger provided by your brokerage, that will show all the transactions you have done to refill your account with your personal money

[@maheshpandey269]

I have loss in f&o so do I need to add what I invested in my LT/ST portfolio also or only capital used for f&O

[@RTSProfessionalStudy]

yes must show lt and st and fno in itr

[@maheshpandey269]

Sir to arrive at capital figure what all I need to add bank bal+ pf value as on 31/3/23 ? Can I add appropriate value ?

[@amararora5120]

Sir, if the fno loss is 1 lakh and with brokerage and tax it is 1 lakh 20k. Which loss should I show while filling ITR?

[@RTSProfessionalStudy]

1.20 lakh

[@iravnath5735]

Proprietor fund kaise nikale

[@harsharora444]

Sir aapne Scrip wise calculation kia hai....but ye toh Day wise and Order wise hota hai

[@RTSProfessionalStudy]

yes

[@DVNair]

Balance sheet mein Opening Capital mein Rs 480000 kaha se aaya..... please koi batao mujhe.

[@RTSProfessionalStudy]

last year ki balance sheet se

[@DVNair]

@@RTSProfessionalStudy par sir, last year mujhe PL aur BS banane ki jarurat hi nahi padi...... toh iss saal main kaun sa amount Capital mein dikhavu? Agar maine April 2023 se March 2024 tak jo amount mere bank se zerodha mein daala hai, uska total karke BS Capital mein dikhavu toh chalega? ya Futures mein maine sirf ek hi trade liya hai, uska buy price capital mein dikhavu?

[@thakorvishnu5502]

Simple aapke bank ledger me jo aap opening dalate ho vo diffrence batayenga usako set off karane ke liye.... Capital ki opening utane se dalani padati hai.....

[@SushilKumar-ny1pv]

Agr kuch samajh aaya bhai to mujhe bhi bata do

[@rahulpatil-mx4br]

Sir aapne turnover niche kyou lika aur profit alag kyou aaya

[@RTSProfessionalStudy]

q ki turnover ki calculation only tax audit ke liye hoga or profit sales , purchase or expenses k basis pe nikalta hai

[@Manish-ox9tf]

In F&O turnover is only calculated to know tax audit applicability.

[@RTSProfessionalStudy]

yes

[@Mrgreen143]

Can i do it by myself without going to a CA?

[@RTSProfessionalStudy]

no , books of accounts mandatory by CA like bank book, ledger , cash book, sales register , purchase register , expenses register and many more ...............

[@ganeshsauntiyal4223]

Opening capital kaha se lete hai? Sir

[@RTSProfessionalStudy]

from last year balance sheet

[@lokeshsinghshah]

Turnover 1.1 lakh h FnO m Book of account required or not ? Loss carry forward krna h Book of account required?

[@RTSProfessionalStudy]

required

[@ramnathbharti5365]

Sir CA ITR file karne ka kitna charge lagega

[@RTSProfessionalStudy]

depend working or turnover not fix

[@ramnathbharti5365]

Thank sir

[@secret_mindset007]

wah seth ji kya mast video banai kintu aapko purani video delete nahi karni chahiye thi

[@Finstory3-5246]

I am a housewife my profit from FnO trading is 268000 with turnover of 3400000 for fy 2022-2023, I do not have any other income . is it compulsory for me to file ITR this year???? please clear.

[@RTSProfessionalStudy]

yes

[@Reckless__Motivation]

Hello Sir I had spoken to 5 CA's they said irrespestive of ur F&O turnover is 10Cr or less then that still its complusory to do Audit if there are losses in F&O...pls guide, ur response will be highly appreaciated Thanks & Regards.

[@RTSProfessionalStudy]

No , wait for my video on this topic

[@Dhruv1223]

@@Reckless__Motivation it can't, F&O losses are counted as business loss, STCG is well capital gain, completely different heads

[@Reckless__Motivation]

@@Dhruv1223 .. ...F&O losses k saat STCG & LTCG ka v deduction milta h...alrdy uploaded my return....for reference read Sec 72 of the IT Act, 1961

[@Reckless__Motivation]

@@Dhruv1223 ..i was confused 5 CA's told me that for F&O losses Tax Audit is compulsory which is again a false information

[@Dhruv1223]

@@Reckless__Motivation no wrong, I just read the act it only has provisions for business loss being set of against other incomes, does not include stcg or ltcg, which are considered speculative

[@amitjagatyani6989]

Turnover to 629000 aaya tha na to profit and loss account m 1237000 kyu likha

[@RTSProfessionalStudy]

turnover or sales not equal in f&O , turnover profit +loss jor kr nikal jata hai only tax audit ki calculation k liye

[@amitjagatyani6989]

Thanks

[@vipinmaindola5858]

​@@RTSProfessionalStudyToh kya aap ITR mai sales show 1237000 krogay? Ya 629000 or agr 1237000 ke jaga apka turnover i.e sales 12 cr hota tb ITR mai 12 cr sale show krnay say audit nhe mangayga? Kindly reply

[@snehalshinde-v8h]

How much do you charge for getting FNO tax audit done? Kindly advise

[@RTSProfessionalStudy]

ok, you can avail our paid services visit -rtsprofessionalstudy.com/our-paid-services/

[@arjunchavhan6022]

Sir aapne capital account me 480000 amount kahase liye

[@RTSProfessionalStudy]

ye addition huai hai capital account me ye pasie lagaye hai bank k through is year me

[@royal8637]

Please provide balance sheet format 🙏

[@RTSProfessionalStudy]

check description of video