Mastering Income Tax Computation & Filing for Future and Option Loss | Share Market Guide

Welcome to our comprehensive session on Income Tax Computation and Income Tax Return Filing, specifically focusing on Future and Option Loss in the share market. Whether you're a seasoned investor or a beginner, understanding the intricacies of tax filing for share market losses is essential. In this detailed tutorial, we will guide you through the process step-by-step, providing valuable tips and insights to optimize your tax returns and minimize your tax liabilities. Watch the full video to gain expert knowledge and confidently manage your taxes in the dynamic world of investments and trading.
Overview of Share Market Video - • Complete Guide to Indi...
Audit in case of FnO - • Tax Audit Limit for AY...
Depreciation Video - • ITR Computation के लिए...
Computation Sheet - bit.ly/44DG2Ab
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Disclaimer- Although all provisions, notifications, updates, and live demos are analyzed in-depth by our team before presenting to the public. We hereby provide our point of view only and tax matters are always subject to frequent changes hence advisory is only for the benefit of the general public. Hence neither Fintaxpro Advisory LLP nor its designated partner is liable for any consequence that arises on the basis of KZbin videos.
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[@FinTaxPro]

Computation Sheets & Video Links as discussed in videos Overview of Share Market Video - kzbin.info/www/bejne/h2OWpaWwoNmhoZY Audit in case of FnO - kzbin.info/www/bejne/qH2shaGMj79-b6M Depreciation Video - kzbin.info/www/bejne/nWLCdomJrZWtg80 Computation Sheet - bit.ly/44DG2Ab

[@Sahoo101]

F&O- Option ka loss ka setup Intraday profit se addjust hota hei kya ?

[@FinTaxPro]

@@Sahoo101 Yes

[@devendramalviya5789]

Sir during session you said sorry for long session, Pls dont say sorry, you have taught us a lot without any fee. TYSM

[@roam4565]

Bhai, I was going to comment the same

[@nishantricha3204]

Thank you so much for your help. i would love to join the course of taxation because the way you explain everything is really very good that everyone can understand

[@amolshingana8714]

Thank you Sir for this elaborative video... Sir ye to clear hua ki 8 yrs Tak loss carry forward kar sakte hai, lekin agar purane losses file nahi kiye to kya way hai usko file karne me... Thanks in advance 🙏🏻

[@HariKrishna-q2o]

Excellent explanation in detail for filing IT Returns for Retailers doing Futures and options trading . Thanks a lot.

[@prakashchandrarai6119]

Thank you Sir, It was really a great learning about the subject. This type of leaning one seldom gets from You tube videos. Hats off to your effort and pain taken sincerely for the benefits of Traders. May God bless you and your family.

[@FinTaxPro]

Glad it was helpful!

[@hirenpunj]

absolutely great help..!! Big thanks to you for such a wonderful and detailed explaination.

[@manishanand8471]

Thank you sir for your step by step guidance . Filled ITR 3 with FnO loss through this video only.

[@bnfbull]

bhai -15 k loss he mera or koi other income nhi , still bharna padega kya tax itr

[@manishanand8471]

@@bnfbull Bharna padega ..sir ne method bataya hi h

[@bnfbull]

sir , -15 k loss pr it tax bharna padega kya , with no other income

[@devendramalviya5789]

Sir get us understood everything in very easy manner, we trust you absolutely.

[@SaurabhSharmaGoSeeExplore]

Amazing information about fno, all myths cleared 👍

[@abhipathak2382]

Sir apki video bahut helpful hoti h.... thank you so much sir......

[@thetradingwarriors-bl6zs]

but jo hum....F&O m intraday kr rhe h kya intraday k under aayega ya normal business m he ??

[@gulnazshaikh8155]

Sir what about assessee doing some normal business and having FnO losses also... In that case if i wish to show my normal business under presumptive still I'll get audit applicability????

[@sayakdeyashi9027]

Hello sir, it's a very useful video. Thanks for the effort you put in. I have one question: I have some F&O loss, which has been set off against income from other sources. But since my income is not exceeding a particular limit, I want the total loss to be carry forward to next year. Is this possible? or it is mandatory to set off the losses.

[@saurabhgupta2373]

F&O loss can be covered in capital gain from sold property??

[@sagar4u09]

Hello sir. Thanks for in-depth video on F&O trading calculation. Sir i have one query. i have traded in OPTION trading for FY 2022-23. I booked net loss for the same and my turnover was below 4 lakh. So during filing ITR 3 whether i have to maintain books of account or not??

[@shubhamkhedkar1264]

Also, the transaction are less and turnover is also below 5 lakhs, it is compusolary to maintain books of account or file Balance Sheet in ITR3?

[@akpatel473]

Sir ji mere fy 2023-24 me f&o mere ko 90k ka losss hua hai to RTI fill kaise kare demate ka statement dena hai ya bank ka

[@luckybhskr]

Sir aapne pehle ki video me intraday equity loss ko speculative activity me put Kiya hai but is video me normal trading me Kiya hai pls clearify ?

[@najmi3109]

Very gud information sir...pura video dekha hai aapka bahut acche se smjhaya hai aapne..

[@maheshrawat1487]

Sir, agar hame 2020-21 me fno me 1lakh ka loss hua ho aur fir 2024 me equity holding me 2 lakh ka profit to kya 1 lakh ke fno loss ko 2 lakh ke equity se hone wale fayde ke tax se adjust kar sakte hai .aur kya ye 8 saal Tak valid hai??

[@yasusojitrasojitra7900]

This turnover rule are also apply in commodity and currency f&o?

[@niranjanhr3219]

Soooper like.....I did all my returns by myself. But how do we get transaction charges and brokerage from dhan account???

[@samratchopra01]

Please make a video on the treatment of open fno positions at the end of the financial year which are closed in the next financial year. How to account for such transactions in pnl and balance sheet. Thanks

[@hemantupadhyay20]

Sir, Commodity ka loss ko F&O main consider karte hain kya??

[@BShivakumara]

Thank u for the effort and information. Is it short term and long term PNL in FNO?. If No why some broker give this information. Like BN Rathi. Give one vedio on consolidating the data from various broker data in to one usable form. This will be great help.

[@essentialinformation9059]

One of the best video solution for itr 3 tax filing awesome ❤

[@ARSXPANTHER]

Sir, f&o ka tax annually dena parta hai ya quarterly dena parta hai.. Pls bta dijiye

[@chetandhacholia]

Hi. I have filed my return without any carried forward losses from FnO and intraday. Now I want to carry forward my losses by filing revised return. By doing this can I carry forward my losses ?

[@technicalcoverage8842]

Thanku !!! Same as my condition. Very helpful to me.

[@FinTaxPro]

Most welcome 😊

[@vinodchauhan592]

I have 1 transaction in intraday by accidentally, can I file itr form 2 for short term & long term gains, please clarify.

[@YogeshKumar-ou1tl]

Sir when I took the benifit of deduction under 80ccd (2) in case of govt. Employee and employer contribution 14% then what would be the method to avail the benifit firstly add into GTI then deduct under 80ccd(2) or directly deduct

[@incometax7145]

Sir mujhe f and o mein loss hai 8500 ka. And pehle mein apni itr file 44ad m krta tha. To kya ab mujhe itr 3 file krni pdegi normal account m? Ya mein aone business ko 44ad mein and loss ko normal account m show kr skta hu?

[@mayankpatel832]

If in current year i have income from STCG, LTCG, & FnO and previous year i had loss in FnO. when i brought forward those FnO losses this year they will be adjusted against which income ????? because when i do so losses are adjusted just against FnO income of this year only automatically in ITD portal. Remaining losses are Carry Forwarded for next year. But you said that FnO losses can be adjusted against any income except salary. please clarify .

[@munishjindal6257]

Sir very informative & helpful video. I had queries: 1. I am using my salary account for transactions of F&O and Equity trading then I can match the closing balance..Suppose I have 2 Lakh then F&O loss of Rs.1.5 Lakh but closing bank balance is 1.0 Lakh. 2. Do I need to add all mutual fund & Equity shares in balance sheet I bought in last 4-5 years?

[@abhisheksingh-ll6ew]

+1

[@bajranglaljat6322]

Sir mene P. Y me 44AD Opt kiya tha Or is F. Y Me Meri Share market se Loss hai To konse itr form fill karna hoga

[@Explore_Shorts01]

ITR 3 m FnO ki turnover nahi dalte kya😊

[@Mr_dramebaaz]

Salary income is approx.. 14L And F&O loss is 1.5L approximately I just want to know Audit needed to file ? And how much it costs approximately

[@Vicky-Baba]

Suppose my F&O intraday trading turnover is 1 lack and my actual profit is 10000. Can I show 6000 presumptive profit, while filing ITR.

[@ranjanjyotidutta1619]

Sir, my salary income is 6 lakh and f&O loss is 3.77 lakh. do I have to go through tax audit?

[@kanhaiyaKumawat001]

Sir me 2 business dikha skta hu kya Ek 44AD business jiske profit more than 18per h And ek normal business jisme F&o loss hai speculative loss h Or usme us business related bs fill kr du. Or since loss carry forward hoga nhi kyuki wo setoff ho jayegaa with 44AD business. Toh kya koi dikkat hogi isme?????

[@soliloquiesmedia3995]

Sir bilkul isi tarah se ITR3 file karne pe ye warning aa rahi hai validation page pe. Please make a video on how to resolve this issue In Schedule OS/ Schedule EI, the amount of dividend income mentioned is cannot be more than the dividend income reduced from Schedule BP;#;Kindly ensure that dividend income mentioned in schedule OS or schedule EI should be equal to dividend income reduced from Schedule BP.

[@ajayshinde4286]

Sir where did you put turnover of FnO Trading? Please Tell me.

[@ankurgupta7717]

amazing video.. best video seen till today.. thanks

[@AbhishekKumar-ov9ul]

Can i claim gst,dp and amc charges expenses in fno if i treat trading as business income?

[@Sahoo101]

F&O ka loss ka setup Intraday profit se addjust hota hei kya ?

[@a.s.kushwaha3463]

Mai govt employee hu mai F&O mai trading krta tha pr ab maloom hua ki allow nhi to mjhe ITR 3 fill krna chahiye ya mhi Koi notice to nhi aa jayeba Department ya income tax se?

[@bharatparmar2632]

Kindly confirm that the turnover of fno as per ABS is to be shown in ITR or not.Do we directly have to put loss or profit to pgbp

[@FinTaxPro]

We recommend to put realised PnL directly. Already explained in video

[@bharatparmar2632]

@@FinTaxPro Thanks for the clarification,so basically the turnover is just to determine the audit applicability.

[@dipankarsaha9266]

Very well explained, thank you

[@prasup1494]

Sir, FnO me agar profit hua hai, to use kahan bharenge PnL sheet me..

[@gmuralikrishna9419]

very well explained each and every step with reasoning , very nice

[@FinTaxPro]

Thanks a lot

[@bharatgupta935]

I have a doubt about intrest from saving bank which is cover under 80tta thn y its setoff against our losses..could u tell me the reason pls..

[@sahilkumar12]

Bhai bhot achi trah samjaya h aapne 🥳🥳🥳 thanks bro... 🎉

[@vandanaarora9197]

If I was salaried but in previous years I also showed ttn income u/s 44ad , then tax audit application?

[@abhisheksingh-ll6ew]

Should we include the loss of short term capital gain in balance sheet?

[@npdharchannel8639]

Thanks. I did all it works for salary but I lost money and working Power . I have interest income so need to do so . Your vast know help me .

[@concepts5496]

Not able to download computational sheet..please do something about it sir

[@prakashtikait9738]

is there any vedio business income with F& N loss

[@bijaykumarmishra7689]

Sir you may be junior to me but I respect you as my invisible Guru

[@vaibhav8941]

Sir hats off to you 😊

[@Your_idol_001]

Sir AY21-22 Fno का लॉस जो की itr 3 due date से पहले फाइल किये थे AY23-24 के itr3 मे auto मे show नही हो रहा है क्या करना होगा

[@sunilpatil4701]

Please reply

[@Mvk55]

can you pls share link for guidance notes for turnover caln which you have mentioned in video.

[@FinanciMasters]

Jiaka Audit hua h FnO Ka uska itr ka video dliye sir kindly

[@ajitsinha85]

Unable to understand Intraday Turnover calculation. Can you explain how it is so less.

[@roam4565]

One of the best videos out there

[@saumyasandip6753]

Sir mujhe ay 22-23 me 2lakh ka loss dikhaana tha, par mene itr file nehi kiya. Kya me ay 2024-25 me itr file kar sakta hun???

[@midhunaperumalla2274]

Zeroadha is not provinding brokerage and other charges details for each scrip anymore . These columns are filled with 0s in my report. FOr Speculative business I cannot seperate the charges. How to proceed

[@gunjeshkumarsharma7037]

Same here

[@Deshkibaat007]

How Trading in currency would be treated in ITR?

[@umeshpatil6634]

Can you please make a video on share trading and presumptive business combination

[@ravinderchauhan5196]

Sir long time hai aapka itr and gst ,tds ka agar hume 📞 karni hai to 📞 attend karte ho kya

[@raaahu481]

Sir, i have loss of 12 lak in FNo trade, can I get some refund?

[@jyotibishnoi9312]

Do u file itr

[@priyankamudgil137]

What if turnover is more than 1 crore but less than 10 cr, but there is loss to be claimed, is there a need for tax audit, if 44AD never opted earlier?

[@akshaysharma7555]

Not required

[@Bappaditya-007-Karmakar]

Hello sir, I'm a beginner in stock market. I'm not a very good trader. I open my stock market in 2022 and it's going on till date. Sir I'm totally a loss making trader. Sometimes profit, sometimes loss, overall it's loss.. over 2 yr I loss total 75k approximately. My turnover Neve ever go 10cr. (Equity or FNO) Now my question is, Sir did I fill up this itr file ? Or I leave it ? What happened if I don't fill up my itr file ?

[@FinTaxPro]

Yes please file

[@Bappaditya-007-Karmakar]

@@FinTaxPro yes sir. But one more question, sir I'm not a salary person ? I'm a unemployed person and I loss again an again. If I'm not filling, Sir Have any chance to notice come from income tax department? Please 🥺 sir tell me, and help me out. I'm totally scared 😨 till last night.

[@komalagarwal9665]

If there is other business for which assesee wants to file return us 44ad and for f and o business normal trading then what to do

[@curiousnkquest]

Sir, my salary income is 7 lakh and f&O loss is 4 lakh., turn over 43 lac do I have to go ,kia mughay books of accounts karna hai, if yes, please send me proforma for books of accounts

[@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.

[@atanudas8101]

thank you so much Vivek sir... very useful video

[@shahidakhter4u]

Sir my STCG is negative and FnO loss is also negative. Will STCG will be added in FnO loss or it will be kept separate under STCG for next year???

[@akshaysharma7555]

Kept separate

[@laxmanpurigoswami9360]

Really very useful. Thanks

[@D_d_Kalathiya]

Very good explanation

[@tusharmac09]

Excellent video

[@sourabhsisodia8331]

The session is very informative Thank you

[@SunilKumar-jz6dm]

Sir, kindly explain 44AD

[@souravsaha008]

Great explanation

[@bharatgupta935]

Sir u doing really gr8 job..❤

[@vinodpundir8127]

Sir agar private job ki bhi salary dikhani pade jisme form 16 kuch nhi milta jaise choti moti job dykaan me kaam kj salary wo kaha dalenge usme to employer ki detail jaise pan detail bhi maangta hain

[@GAURAVSINGH-yh3mj]

No itr1 daal do ...koi employer ka details ki jturt nii h...sirf jitna salary h UTna dikha do

[@vinodpundir8127]

@@GAURAVSINGH-yh3mj Bhai uske sath stock market ka bhi hain.

[@kaamkibaata2z]

Very informative and detailed video

[@bhupendrajangid5847]

Hellos sir. Can F&O loss can be set off and carry forward under new tax regime?

[@akshaysharma7555]

Yes

[@gunjeshkumarsharma7037]

Again Rocked 😊🤟❤️❤️❤️❤️

[@girwar7773]

सर जी ऐसा भी वीडीओ बनाए जिसमे कैश , intraday FNO सभी में नफा हुवा हो , साथ साथ सैलरी कमीशन की आवक भी हो 🙏

[@skillvivekawasthi]

uske liye already kaafi banani hui h humne

[@girwar7773]

@@skillvivekawasthi लिंक शेयर करे जी 🙏

[@savitayadav7368]

How I can contact you for filling ITR. Charging for salary person+ stock market

[@FinTaxPro]

[phone] or [e-mail]

[@Trader2705]

sir kya aap mera ITR file kar sakte hain ? ( PAID )

[@prakashtikait9738]

hi nicely explain

[@ramsinghreehal7849]

Amg explanation

[@rameshmahto3330]

Mere ITR me itr1 ITR 2 ITR4 AA reha hai ITR 3 nahi aa reha hai..Aisa kyu..mujhe to ITR 3 FILL KARNA HAI

[@sanjibmuscat]

very nice video

[@abhimishra987]

NICE EXPLANATION

[@santoshpandey856]

It is of great help 🙏🙏

[@rahulagarwal666]

Sir 80 tta ka deduction mila hi nahi...apne tho loss se set off kar diya

[@elonmusk4568]

Very very useful video sir thanks 💯