INCOME TAX Return Filing for F&O Traders and Investors: Do It The Right Way!

INCOME TAX Return Filing Simplified for F&O Traders and Investors!
Get CA to file your Income Tax Returns with TaxBuddy, India’s Highest Rated Tax Preparation Platform - filemyreturns.taxbuddy.com/pr...
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#Taxation

[@VEDANT._.KHANDELWAL]

First scientist pr sundar and now CA pr sundar 😂

[@AK-ox5bf]

Thank you sharing this. I was confused about this thing earlier

[@roops80]

God bless you sir for sharing your knowledge....

[@birendraprasad]

Please spread awareness of our pain to govt over taxes.... Taxes and inflation and less opportunity makes us poorer...😩😩😩😩😩

[@kannikabhat7019]

Tax payers are not votebank of any party, so keep paying tax. We dont have voting power to impact the elections

[@sachink9163]

Very informative PR SIR, THANK YOU.

[@srinivasthirumala5851]

Useful information,thank you 🙏

[@sureshunnikrishnan1985]

THE + IRS = THEIRS - Good thought process,Sir.

[@kumarsamir02]

THANKS. WILL USE THEIR SERVICE

[@Rkreddy_CA]

Tax buddy charging fees equal to fees of CA. Don't go for tax buddy go for Chartered accountants

[@climaxunveiled837]

CA will be better providing you the services

[@nagarkarwada]

With due respect I differ. Because I am a satisfied customer of Taxbuddy for last 3 years. This year I paid only Rs.999/-. Much cheaper than a CA charges

[@Rkreddy_CA]

@@nagarkarwada for basic salaried persons CA also charge 1000 Rs, it is one time payment . If any capita gains they will charge normally 3000 Rs. If any notice came whom will u call in tax buddy ? Further CA helps you in tax planning

[@nagarkarwada]

@@Rkreddy_CA sir, let me clear one thing. I am not their marketing person. My comment will strictly be based on my experience with them. They do the tax planning. So far as notice is concerned, I have not yet encountered it. “Whom to call in such situation” is concerned they have an app and you can directly chat with the person/CA who had filed your ITR.

[@mehulchheda9]

Thanks for starting TAX series. Request you to explain tax on F&O peofit , set off carry forward lisses etc too

[@vasanthaponniah7932]

Very informative. Thank you Sir.

[@jvr1727]

Thank you sir. i expected this video laste week actually.

[@amitbadoni5471]

Even in advance era and all the information linked and interconnected, still we have to give all the information about the Salary income, Business income, interest income, dividend income..... What is the point of linking PAN and Adhar to the bank account and demat account, if still we need to feed all the details which are already their. Just to confuse normal Tax payers and charge penalties. Note: i am talking about Individual

[@birendraprasad]

90% viewers haven't earned from stock market but pr Sundar earned from this kind of videos also... If they would have make video atleast educate govt on rational for taxes... People are loosing money and govt collects taxes and charges over loss of people in stock market... Even govt need taxes from those 90% losers...😩😩😩😩😩😩😩

[@karthikvpc]

No. If you are making losses you can file the losses and carry the losses for eight years. Within eight years if you make profit you can get tax exemption for the losses and pay tax only for the remaining profit. It is important for the people who made losses to file the income tax returns.

[@FactsCountdown]

@@karthikvpc my capital is only 1 lakh I trade in both equity and f&o overall I am in losses do need to fill ITR

[@HariKrishna-ii3jd]

Nice information Sir, Thank you very much.

[@vivekambardar3328]

First Virat Kohli advertised LPU, Now PR Sundar advertising Tax buddy. 👍👍😝😝😝

[@PrashantKarandikar1]

Superb Sir PR Sundar 👍

[@athiramsubbiah2387]

I was learning about this in internet for the past two days sir and came up with video.. Really surprising 😍😍

[@santhoshsivanathan]

That's the usp of maintaining KZbin channel..this is tax filing month,that's why u r looking for.. that's why they make a video on tax also..don't be surprised that some magic happened 😀

[@duraisamy4233]

000000000

[@Garbajabalpur]

Good

[@internetfriendly6870]

Worst explanation. Watch elearnmarkets video all aspects explain

[@vigneshs3378]

Even the advertisement also very interested illustrated by Mr.PRS

[@sirajamal]

Appreciate the thoughts on NRI, Look forward

[@JBande]

You have not said anything abt the F&O tax clauses and provisions etc, this seems like 11 minute advertisement for taxbuddy! Pl do a clear video on the topic itself!

[@RAMAVENKAT100]

Useful . Thanks Mr. Sundar

[@srirampadmanabhan3648]

Thank you for the video sir. Sir next video on taxes can you see if you can cover a case study for F&O , when a trader trades as an individual versus a trader trades as a Firm, since business income what are pros cons...

[@MaheshKumar-ud2nq]

What is the surety that yearly intrest will get at maturity,govt always at profit,public at loss,like wise tax rebate claim ,they say my account is not linked to pan which is wrong,and that money goes to whom

[@sreeramrachuri2032]

People having income more than 10lpa, new provisions are more beneficial under section 115 bac. If we are having only salary income, we don't need any assistance as the fields are automatically prefilled on the portal on the basis of our form 16, 26 as.

[@vamsisrt1466]

Thank you Sir :)

[@prashantprabhu6970]

ITR 3 which we have to use to file Business Income is still not available in new e-filing portal. Any one has any update as to when it will be made available?

[@lokeshnanjappa567]

You are best teacher and trader indeed no doubt about it😍

[@NaveenKumar-dg2pg]

Thanks... any benefit in Tax exemption if show & claim Personal Loan ?

[@MrSudeepantony]

In options trading ( treated as business income) , can brokerage be shown as expense?

[@ThePratapunique]

Can we declare our losses in stock market? After paying salary tax if we are still poor? Do they really scan us?

[@sairam4562]

Thank you

[@ramsubbarao9982]

Sir, very good video.

[@jpreethi1983]

Sir im very interested in the ladder shelve that you have placed at the back.. its really beautiful.. can you please let me know whr u got it..

[@artoflearningtechnicalanalysis]

Check on amazon

[@jpreethi1983]

@@artoflearningtechnicalanalysis i checked but didnot get the same piece

[@artoflearningtechnicalanalysis]

@@jpreethi1983 the go to local hardware shops can got more variety and also can check at lifestyle home center

[@jpreethi1983]

@@artoflearningtechnicalanalysis thank you so much..

[@bull6253]

Can you put a video how to find the direction of the market. I'm impressed by all your videos. Thanks.

[@anilkumarhalimani3204]

You can also file through QUICKO

[@shyamji7242]

Thanx sir ......

[@surendrabarsode8959]

Sir, please do a video for NRI tax payers. Your videos are very useful, to the point and easy to understand. Thanks

[@goldstar0555]

Trade buy sell me gst , different 2 tax Lete ho to ab income tax bhi bhare...to gst ka matalab kya hai

[@jalajdurve]

Sir as per clause 6 of schedule 1 of The CA Act, 1949 a CA in practice (even if employee) can't advertise about his profession work which includes profession of accountancy one of which is tax consulting. So Tax Buddy (If they have CA as partner or employee which i assume they have) shouldn't pay you for sponsorship especially this video where you're advertising there services.

[@stockmarketmojo8409]

According to chartered accountants act 1949 , CA in practice and who are working in tax buddy is guilty of his profession for advertising the professional work

[@saidinesh9360]

Yes.. You are correct..

[@caamitshah9088]

Thats true. Such online service providers are really doing frauds and your personal data are at high risk. Plz understand. In don't care everyone have choice. But take wise decision before falling in to such buddy's trap.

[@yuvrajsehgal9738]

I suppose tax buddy is an advisory tax firm and it is not a practising CA firm, so CA act 1949 doesn’t apply here.

[@stockmarketmojo8409]

@@yuvrajsehgal9738 if you watch this video clearly Sir would have mentioned that there are group of CA which clearly conveys that they are members in practice. Your interpretation is wrong since then All CA can start advisory firm without applying COP(certificate of practice) and advertise in Social media

[@stockmarketmojo8409]

@@yuvrajsehgal9738 See my wordings clearly CA in practice who provide assistance to tax buddy will be guilty of profession. If Non CA no CA act 1949,applies to them. Any CA in practice or not or CA in service is who provide assistance is guilty of profession.

[@ssrinivas63]

am told by my CA that we still need to submit balance sheet even if turnover is below 10cr and if profit is below 8% of turnover, could this be clarified?

[@munnashaik7048]

I have made loss than profits. Do i need to still file it for tax?

[@shaloms6811]

Sir you are very articulate 👍 Good Video 👍

[@1979arijitpaul]

For a individual if he mentioned PAN and AADHAR in all investments then why we need to submit everything seperately, there always chances to missing something unintentionally.

[@kvsbabu2124]

Next year onwards, system will pickup all your trades in 26AS.

[@deepakdkrishna1854]

How to file tax for the profit which we yield from equity stocks ? How to show that equity stock investment while filing for tax

[@SureshKumar-wy5yu]

Sir looking forward for your video regarding Taxation for NRIs who are investigating in Stock. TIA

[@plusorminus6517]

How much tax for speculative income? Once we pay ltcg stcg speculative tax additionally we need to pay as per tax slab ?

[@sonunavgotri3729]

The profit you got through intraday will be added in you income and will taxed according to tax slab. The gains you made by trading comes under stcg and ltcg as per the time you hold the shares. Stcg and ltcg have to mention separately which will be taxed differently. The gain you made through f&o comes under business income. You dont have to pay tax for same money again. I hope it helps you.

[@rupeshn1004]

Very good content Rupesh N

[@bharathganesuni6893]

sir for itr3 only DSC Signature to Everify? pls help

[@desaimanjunath6006]

Hi PR Sundar sir, What is the point of imposing securities transactions tax on every trade?

[@AK-ox5bf]

Sir, What is the short term gains are below 1 lakh? Do we still need to pay tax on it? Please help with this query. 🙏

[@vasantlaljain6183]

Sir, please make one video on the new tax portal, there are many glitches though this is not your subject but you know much.

[@yadneshkhode3091]

Unable to register new account in income tax portal

[@sesshhasae7080]

sir i got equity profit for 240000/- but all amount taken by kotak securiies and told that DP charges, Interest Penality, and Brokarage...i did't get any amount even i lost my investment also, how can i show my tax .....is brokarage and interest penality will get tax exemption from my profit??? please suggest sir i am handicapped person

[@durgalakshmanmakana8458]

Sir please tell us about the charity webinar

[@arindombikashneog4068]

suppose we get profit by selling the shares and we invest the money agiain. it that taxable. or only if we withdraw the amount tax is applied

[@shivans6582]

If you sold in profits and again re-invested, anyway it shows in realised profit. You have to pay tax 🙂

[@capiyushpandey]

It will be taxable..

[@arindombikashneog4068]

Suppose the profit which we again reinvested, next time we incur loss will that be cancelled or only if we book the loss that is cancelled...lots of doubts in taxes...

[@arindombikashneog4068]

I heard that fellowship amount/stipend/scholarship is not taxable...is the profit gained through investing that amount taxable

[@capiyushpandey]

@@arindombikashneog4068 if u have booked the loss then it can be setoff..against profit ..if excess loss then can be carry forward to the next year.

[@jayrojdiya4360]

Sir..pls clr...index option intraday trading comes under..F&O trading or intraday trading tax?????

[@inbasekar]

intraday index fno and overnight fno also comes under business income head . where as intraday equity trading comes under speculative income head.

[@jayrojdiya4360]

@@inbasekar ok..thnx..actually we can do F&O either imtraday or.overnight so i thot.F&O intraday may come umder intrday so confusion hua thanx for clarification🙏🙏

[@parthsolanki1008]

Can trading workshops and advisory be considered under trading expenses?

[@PRSundar64]

Yes

[@kskqms2007]

Sir, I am you regular viewer , I am taken taxbuddy service after viewing this video. I have selected ITR3 and reply to notice service. Both activities completed, but taxbuddy is charging 2000 seperate charges for reply on notice. Pls guide me.

[@ThePramod84]

Mentioned video is from LABOUR LAW ADVISOR

[@shishya8372]

Sir need more info on F n O taxation, please come out with a detailed video.

[@shishya8372]

@@kysanthanam it's still not clear, especially Options taxation! Turnover calculation is tricky! Tax Is 30% .

[@Nawaz78]

When should I pay tax ?? My income is less than 2.5 lakh per annum from Stock market , should I pay tax ??

[@manjunathc3667]

Sir, what about IPO listing day profits..is it short-term capital gain or speculative?

[@SurajInd89]

Naturally short term capital gain.

[@dineshjangir7576]

Simple question i want to ask : r u file your return through taxbuddy ?? If not then why?

[@ashwinsnmv]

He has an auditor already and Sundar can pay him

[@dineshjangir7576]

@@ashwinsnmv Then why we go through taxbuddy.. he hasn't experience of their services so how can we go for ? This is pure Marketing like Amitabh bachan did with pepsi.

[@dineshjangir7576]

PR pls delete this kind of videos. No one CA professional can promote their business and you did for money or something else even you don't avail their services.

[@niftymakemoney6420]

@@dineshjangir7576 Mr.Sundar can hire Charted accountants we can't that's why this video and If Amitabh can do why can't Mr.sundar. Don't get stomach burning.

[@dineshjangir7576]

If you haven't experienced the taste of sweets and you marketing for sweet then you r the one who can provide anything for personal interest.

[@ashokparthiban5557]

What is the case if we earn less than 1 lakh as a trading income in a year? Does we have to pay tax?

[@richardfrancis9565]

Awaiting video for NRI’s

[@9986382371]

Govt should make Tax filing easy. Now that aadhaar is connected with all the accounts Govt should take Saving accounts tax into tax payment automatically.

[@balasubramanians9779]

But the new site by Infosys is not making things any easy....

[@madhankumarravichandran5735]

Sir, please make a detailed video of taxation in investment.

[@yashvasani2787]

To all those who are saying tax buddy can't do advertisement... Kindly refer again CA Act ,1949 clause 6 , 7 refer with section 7 of Schedule 1 ,Part 1.... It is company not firm.. Note: It is not at all recommendation of Tax Buddy..You should go to CA for any type of work of Income tax it's advisable.

[@r.v.kumarsharemarket7980]

Super

[@pckalil]

Sir can you do a separate video for those who are working Government service , already they are tax payer and how its effected tax from trading

[@anarasimhulu571]

sir what happen to Bharat bond it is not appreciating

[@prasads18rtmc]

Ideally online way should be most costlier as software engineer salaries are higher

[@raghavendravishwas5929]

Please make a video on income tax..

[@EVERGREENRULES]

Sir, IRS stands for Indian Revenue Service

[@anilkumarhalimani3204]

Sir are you filing your Income tax through Tax Buddy ? Tax Buddy charges Rs6000 . So is it (6000) comes under exemption ?

[@SR-INFRA]

Noo exemption ,but in expenses show it

[@bhavyashah7968]

He just get 30-40% out of that money

[@divyabhanushali722]

You can claim these expenses against your profit

[@chandrashekharbirajdar9322]

Hi this is pr sundar.....finished❤️

[@ThePratapunique]

My friend sent me 5L from USA to handover at their home... Am I in trouble?

[@rajashekarreddy4912]

If possible do one video on 5Paisa Demat account ?

[@abdulsaleemat5456]

Kindly make video for NRI TAX For PIS account holders ASAP

[@sassibeniwal7610]

Sir can you tell what is content of your workshops?? I mean what one can learn and how many hour knowledge in there and i only know about when i bullish i sell put and when i bearish i sell call and I don't know anything about delevry, how to manage when we are in loss etc can i learn other thing from you i know it's risky business how to handle risks without experimenting with real market can this is learn from your workshops?? I have capital of 1 crore +

[@ramakrishnaraju9798]

Sir. During 20-21 Fy I traded and had some investment. Approximately 8 lakhs lost on intraday, F&O as well and Rs 3 lakhs gain in investment as if now( not sold d shares). Whether I can set off in d future years?

[@ramakrishnaraju9798]

@@kysanthanam :. Sir I think we have time to file. Further can I show loss of 8 lakhs or 5 lakhs(8 - 3 lakhs profit in investment( not sold))

[@kalyanthammana13]

Trading in commodities comes under speculative business or normal business?

[@SR-INFRA]

Normal business

[@sathyanril]

Waiting for your video on NRI sir

[@MaruthiPanyam]

Please provide Tax Tips for NRI account holder who is Trading F&O

[@jaydeva2335]

Sir i made loss of 250000 last financial year should i file ITR

[@ujjaldas32]

How much is their charge

[@soumyasankarpati7935]

Plz make a video on tax for cash market trader

[@rajeshs244]

Tax is Certain for Salary getting people. Tax Evasion is Certain for Salary giving People.All cash dealings are still tax free and you know who those bid qualified people are

[@hope-rh3jt]

I am still studying in college. And i do trading and i make more than 5 lacks per year. Does college fee comes under income tax exemption ?😅

[@balasubramanians9779]

Even your telephone , broadband, electricity and printer charges come under expenses to claim rebate on taxes

[@hope-rh3jt]

@@balasubramanians9779 what about college fee

[@balasubramanians9779]

Yes allowed .... Even medical expenses you make for a handicapped person allowed upto a limit. Medical Expenses for parents allowed...

[@hope-rh3jt]

@@balasubramanians9779 tq bala sir ❤️

[@plusorminus6517]

One doubt F&o intraday is consider as business or speculative ?

[@srconsultancy9071]

Intraday trading in future & options is non speculative..

[@inbasekar]

intraday fno is treated as business income, where as intraday equity trading is considered as speculative income.

[@lawrencedsouza7965]

What is total % of tax on realized profit (say of 20lakhs profit per year) for FnO trader ?

[@valueinvestor668]

As per your income tax slab

[@lawrencedsouza7965]

@@valueinvestor668 ok thank you

[@ramarecipe4409]

Sir.. Can PSU employees do options & futures trading... will it come under any regulations

[@sonunavgotri3729]

You can trade in f&o, but then you have to fill different itr form.

[@ramarecipe4409]

@@sonunavgotri3729 thank you somuch 😊

[@shobhitjain6241]

Sir , can NRI do option trading ? I am NRI and need some info on this.

[@pas3088]

NRI cannot trade on derivatives and commodities. If your demat account linked to nro savings account, you can do intraday trading.

[@kotharipraveen]

Yes, with NRO trading account

[@harshshahi7679]

Nothing but promoting Tax buddy's business.

[@bezamanoj4761]

ARE U OPTING FOF NEW TAX REGIME OR OLD TAX REGIME?

[@yadneshkhode3091]

Old tax regime is good

[@yadneshkhode3091]

Depends on your income and investment habit though

[@bezamanoj4761]

@@yadneshkhode3091 Yes,for High Income people Old Tax Regime is good but Income from F & O comes under business Income.For Business income,we need to actually which regime is beneficial for them.

[@SiddharthMalik]

Money is locked for 5 years and after 5 years when a person is getting back, then only he/she will show and pay? Why pay every year for locked amount?

[@tharuntrichy4182]

Even for any reason, suppose the bank went on bankrupt and unable to repay, what is the solution ❤️

[@sonampatil7895]

I didnt get answer to my que frm video

[@bijushanmughan2532]

Can Taxbuddy do demo through your channel