6 Tips & Tricks To SAVE TAXES On F&O Income!

6 Ways to Save Taxes on Income from Futures & Options Trading!
Use this link for 35% discount: filemyreturns.taxbuddy.com/pr... - Special 35% discount for subscribers for all ITR filings with TaxBuddy, India’s Most Trusted Tax Filing Platform!
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► Timestamps
00:00 Introduction
00:40 - 1. CLAIMING EXPENDITURE LIKE...
03:09 - 2. SAVE TAXES BY DECLARING LOSSES? HOW?
05:19 - 3. WISELY CHOOSE BETWEEN OLD & NEW TAX REGIMES
07:34 - 4. PRESUMPTIVE TAXATION SCHEME
09:31 - 5. SAVE BIG BY PAYING ADVANCE TAXES
10:23 - 6. OTHER EXEMPTIONS LIKE...
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► Background Music Credits:
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#TaxSaving #OptionsTrading

[@KK-dx6pe]

Very useful and explained in a well chronological manner ! thanks a lot !

[@jeyachandranc1813]

sir...your experience , passion towards teaching makes this presentation a wonderful informative session

[@adithyaabbayikoppada9450]

Valuable information, thank you very much

[@ankur0587]

Thanks for this informative video sir. Short and crisp with deep insights.

[@nageshshiva]

Cleared all doubts. Thankyou so much sir

[@chandruti2058]

superb sir, learning many things from u , thanks and have a gread weekend.

[@gsmallesh]

Research Sir, thanks for the excellent video. Please elaborate on what documents we need to preserve and present to auditor for the tax purposes and where and how to get them. Our auditor ask for the contract notes for each transaction and SIP and its a huge task. Kindly let us know 🙏

[@Godsvoice351]

Very informative, keep it up, gudluck!

[@chakradharmallula4728]

Very important topic. Thank you Sir 🙏

[@khemar-jl1tb]

Excellent sir. very crisp & clean.

[@chanduvn5289]

I am not a F&O trader, but this video is very knowledgeable, worth watching and sharing 🙏🙏

[@tubevenkat]

Thanks for the information. Please also let us know pros and cons especially with regards to tax if one trades in company account or individual account?

[@bsrao5856]

Sir, I would be glad, if you clarify the following doubts. 1) As a pensioner and a trader of F&O, Should I submit ITR3 or anything else? 2) Will you please explain about presumptive taxation scheme in a detailed way?

[@mohamedshimnas1746]

Thank you for this informative video. Sir kindly throw some light on trading F&O in an individual name vs private limited company. What is the threshold of Profit where and if trading with company account is feasible and benficial. Thank you once again for standing tall as a guide and inspiration for us all. Warm regards, Mohamed Shimnas.

[@10129933286568]

Thanks a lot Sir..extremely fruitful...content...

[@72binu]

Wonderful information and well presented

[@KishoreKumar2301]

Please give more clarity on presumptive taxation scheme as be 1) How is turnover calculation different for futures versus options with few illustrations? 2) How to switch between normal tax & presumptive tax due to loss making years? What are the conditions/consequences? 3) links to reference articles from Taxbuddy

[@dgnaik69]

Thank you for the content. Incidental expenses can be claimed even by individual trader? Is it advisable to go for a partnership firm beyond a particular threshold of profit? This will be very useful input. .Thank you again

[@TheKssunil]

100% worthy video, keep up the good work.

[@painter1050]

timely one.. really clarified one doubt i had- well explained - thanks a lot DOUBT i had was: if a buy 1 nifty @ 100 * 50 lot size = 5000 then sell same at say 120 x 50 = 6000 ie earn profit (6000-5000) rs 1000. so transcation value as per my thinking was 5000+6000= 11000/ but here u say it would be only rs 1000. is that correct! if so thats great relief as to get a 2 crores transcation value one really would have trade very big .. but i would appreciate some reconfirmations & remarks on above points by gentlement having knowledge on the topic thanks..

[@koshyaa15]

Wonderful Sir..all my queries answered

[@nareshshanbhag]

Fantastic step to help your followers. Sir for salaried person how can we take advantage in tax savings of agricultural land inherited by us.

[@nmanickam2993]

Very good.Nicely explained thanks

[@ramanathansubramanian2487]

Superb Sir. Very thoughtful informations, which is the need of the hour. We have no words to thank you, you are simply great.

[@mlnvsprasad3695]

Very informative video Mr Sunder Sir. Thank you very much.

[@roooo5643]

Thanks sir for very useful information. One question sir in last video on 4 September you lot limit for Audit is 10Cr, this video 2Cr. Which one to follow. Thanks

[@arunidiculla5622]

Thanks Sundar for sharing these valuable information .

[@rajashekhar9310]

This is very useful information .thank you sir

[@awesome_mihir]

Thankyou for this, Sir. 👍

[@e2origamikala469]

Very very important & helpful. Thanks alot Sir.

[@athuljosmathews7970]

Sir,very useful vedio.i think option premium also need to be added for computation of turnover for option trading

[@prasadrao4]

thanks for sharing a video of great value.

[@muruganandamk4862]

Thalaiva you are great.presumptive tax very interesting I didn't know before very useful for me .thanks for sharing

[@Prabakaran-sc6fe]

Very useful information. Thank you

[@tathagatgogoi2116]

Very helpful video sir. Thanks

[@shivbembalkar1451]

Thanks for such a great info

[@RameshPatel-wo6ls]

Thank you for sharing this useful information. What is the business head for filing ITR3

[@gurmohanrandhawa3993]

Thanks for this information

[@munrana]

Very useful video Sir! 🙏

[@rkssingla]

Very useful video Sir, cleared many doubts about F&O. Sir, according to you 1)there is no need of audit to carry forward your loss with in prescribed limit 2) presumptive tax regimen. But many CA are not accepting this. Sir can you add references also for validation of your points. It's better if Tax buddy people add reference/link/ page or section no of any standard IT book/rule.

[@architgemini9411]

Yes exactly. PR Sundar Sir, if turnover is less than 5 crores, profit < 6% and total income > basic exemption limit(2.5lacs), then audit is necessary. You said no audited needed, but i can't find any link, please provide source material and clarify

[@arifshaikh5948]

Mr Sunder i spoke to the ppl at Tax Buddy. They say that Presumtive Taxation is not applicable in case ofF&O. Could you plz clarify.

[@Me-nk5ic]

@@arifshaikh5948 Are you an option seller?

[@Jack-xx3qg]

too many misconception around presumptive taxation. The only reason I did not look into it further or avoided it was because I have to opt for it for 5 years and I do not have steady income

[@nmn8511]

Very informative sir thank you 🙏

[@arulk9373]

Thanks for the video. very useful Taxation information

[@MrSudeepantony]

Excellent informative Video. Thanks a lot sir

[@vigneshm7481]

Very useful video sir, highly informative.

[@srinivasaraodora.v.v405]

Thank you so much, very useful vedio

[@shaileshpatel-cn2qj]

thankyou so much for you infomative guidance. sir you got tremendous knowledge with humble attitude. regards Jerome

[@LalitKumar-no4kx]

Sir you make valuable videos, thanks for this,but plz clear what is presumptive tax,and 6%tax on total turnover

[@balagangadharanthuppale7559]

Thanks very informative

[@gunaa7872]

THANK YOU FOR THE INFORMSTION SIR.

[@mohitparmar2141]

Thank you very much for this information... I am new to trading and making very good and consistent profit in option selling and future.. From long time I was looking for these informations. Thank you very much for these useful information.

[@trozar8946]

very useful video sir, thanks :)

[@vai.jagadeesan]

Thankyou very much sir.

[@tvenkataramanarao5526]

Very useful information thank you sir

[@randomshotsindia]

Excellent Explanation

[@Carehelpfull]

Thanks for information video

[@TEJASWE1]

Sir what time are we supposed to subscribe for tax buddy services for income tax filing for the calendar year is it at the beginning of the calendar year or at the end of the year at the time of filing IT returns?

[@vinay8196]

Salute to your timing sir, you know retail trader earn a lot of money in this crash

[@ramaswamysetty7855]

If there is a loss in particular financial year, is there is any time limit to file the returns. Because ,for the past few years the filling dates are extending for various reasons.

[@funnyvi4859]

thanks sir very nice video keep it up and keep growing ....

[@vigneshkr3468]

Thank you so much!

[@SupratimBhowmick]

Irrespective of whether you are making profit or loss auditing is not mandatory as long as turnover is within limits. But if you want to carry over the loss to subsequent years auditing is must even if your turnover is within the prescribed limit. Only those who have incurred F&O loss, had turnover within the limits and filed IT return last year will know I am correct. It is also very written in the ITR instruction file.

[@vijoykumar5379]

You are absolutely correct . I am surprised, he is a chartered accountant and yet given an incorrect information

[@anjugupta7736]

Sir, as you have shown, if there is profit of Rs 4 Lakh and loss of Rs.6 Lakh, then turnover of F&O is Rs. 10 Lakh. Whether Turnover is total sales of F&O during the year or total of Profit and Loss. There is a column of business turnover in ITR form. What should be shown in that column. Please tell.

[@vikramksn]

Hello Sir This Video is Very informative I request this type of video should be in Playlist separately like In the name of Taxation for Traders Thanking you Very much......

[@venkatesha7341]

Thank you sir 🙏🏽

[@rajnihora]

A quick calrification needed. Why different turnover calculation for presumptive income and actual income?

[@sumeshkumar4896]

Why this subject is always interesting 😇❤

[@deborshiganguli3105]

Very useful video sir.. If f&O trade can be treated as a business and if I file tax based on f&O trade alone, I am eligible for home loan or pl in future or else I need to merge my f&O trade income with other business income to avail loan facility from banks. In short whether f&O trade as business is widely accepted in comparison with other mainstream business category. If so WHETHER it will come under business or self employed category in individual level. Thank you🙏

[@MaruthiPanyam]

Hi Sir Thank you for the informative video for Resident Indians. Can you please provide a video for NRI customers, how to save tax on F&O earnings

[@shivaraml5692]

Good information.

[@venkateswararaopitchuka8678]

Excellent explanation Sir. I have question sir. If I buy options of the next financial year with the entire profit earned in options only in the month february of current year. What should I do then. How to show it sir

[@mpvelu1961]

Sir, Presumptive tax applicable to equity trades also or limited only to F&O?

[@skumarpammi1473]

It is always confusing how to fill the ITR form using F&O, STCG & LTCG. Please arrange sample session which will walk us through entire filing process.

[@sudhirkumargoyal8010]

Thank you 🙏🏻

[@BramhamBramham]

Thank you for your valuable information on taxes sir I have a query , if I am a salaried person and doing f&o , should I use itr form 1 or 3

[@PrashantSingh-kt8wn]

PR sundar jee ka knowledge jabardast hai

[@anoopthekkekuttu]

Hi Mr.Sundar sir, I am doing both equity and F&O so how do I calculate my tax? Do I do it separately or together ? I am also a non resident Indian citizen, (I do the trading and investment in Indian stock market from Australia) so how do I pay the tax for my income? Thank you.

[@shubhamsinghal4211]

Than you So much Sir

[@The123abcool]

Sir, i think turnover limit is increased to 5 crore from FY20-21 onwards. Thus under presumptive taxation, no audit & books of account required if turnover is upto 5 crore & profit in minimum 6%.. kindly confirm

[@smartys8587]

Very useful information

[@pravat165]

Great Learning for Free I can’t believe

[@harshadmehta427]

Sir can you make a video on things to keep in mind before starting a corporate account or at least give guidance on whom to consult?

[@praveensingada]

thank you Sundar sir ,

[@arulranganathan6938]

Great informative video sir. You are helping many with this video

[@maheshkummarikunta4452]

Great video sir

[@srikarvangapally4428]

Sir we need to file ITR only on the P&L Income or the combination of both P&L , Capital traded...

[@nanuradha2777]

Great videi sir❤️

[@vsvijaykumar]

Useful f&o taxation info

[@rakeshkumar-qh1tc]

Sir that's ok my for show expences we need to keep corporate accout ??

[@dineshbalu711]

For option selling, turnover is absolute P&L + premium sold. Upto 2 crores turnover I can use presumptive taxation. Isbthe understanding is correct ?

[@nitinjain2001]

How to calculate turnover for option trades? Is it based on notional value or premiums?

[@aashaysg7478]

Explain new tax regime and old tax regime in detail and which one should we choose?

[@vishal12681]

This is very useful information. Have been looking for this info for quite sometime. No one on the internet has answered whether standard deduction of 2.5L and investments under 80c can be deducted from F&O income or not. Thanks a ton for this info.

[@krishasi]

very useful sir.

[@prashanth_shanmugam]

Hello Sir, for individual F&O trader, if turnover is more than 2Cr, what documents should be maintained under books of accounts?

[@kishorereddy3888]

Hi Prashant, You should keep all your expenses bills/vouchers, record of any cash payments m.etc. Anyway all your trading happens over broker so everything will be available by a click.

[@vinodhkumar9003]

Question: Hi Sir.. as you said brokerage charges, office electricity, rent and mobile bills would be for every month of every year. here my doubt is when I'm going to file ITR shall include my expenses of laptop purchase and mobile purchase for every year. Question: Hi Sir.. I will file ITR even I got loss.. that's fine but my query is if I add expenses about office bills in ITR even I got loss, can I setoff all expenses and losses of this year in next year.

[@pichaimuthuramachandran9103]

I think the same is applicable for intraday also as it is speculative income. Again the F&O Losses can be offset by the interest income from FDs, Debenture, Bonds etc. apart from carry forward for next year. why that is not covered. There is also some option that F&O also can be equated to Short Term Capital Gain as F&O are used for hedging and finally the settlement is done with equity for persons who dont declare it as business. Kindly looks all these aspects and cover in Q&A.

[@MrBrkarthi]

How to declare the losses incurred in F & O in income tax for a Salaried person ? Will it reduce the total tax amount payable for the respective financial year ?

[@ravinderkumardhamija221]

Please guide about calculation of TURNOVER in Option trades

[@batmanforever0]

Mind blowing tips

[@yoghan777]

1. If I make loss, then is presumptive tax applicable?. In this case any tax to be paid.? 2. If in net loss, can I also claim expenses to arrive at net loss.?