Taxation for Trading (FNO & Equity)

[@CapitalZone]

DESCRIPTION Mr. Jegathesan Durairaj (itjegan) is a professional Option trader, strategist, Expiry trader, Trainer, and Investor. He is a mathematician by qualification, an Ex-software professional, and now a full-time Risk Defined Option Writer. With his Open Book Strategies, he is the most known identity on Twitter as IT Jegan, with huge followers. He has won 12 times on the Zerodha platform. He founded his own firm CapitalZone in the year 2018. For Live Trades & Market, analysis Join my Telegram channel for Free Search ITJegan in the Telegram app & follow @ITJegan on Twitter t.me/itjegan --------------------------------------------------------------------------------------- Discount Offer for Sensibull & tradetron Subscription, click here. Tradetron subscription link: www.tradetron.tech/?ref=capitalzoney Sensibull Subscription link: pages.razorpay.com/itjegan --------------------------------------------------------------------------------------- To Open a Trading and Demat Account, you can use the below link, ZebueTrade: zebuetrade.com/itjegan/ Zerodha: zerodha.com/open-account?c=ZM... Motilal Oswal: www.motilaloswal.com/open-dem... Alice Blue: abopening.online/CAPITALZONE/ ---------------------------------------------------------------------------------------- Subscribe to CapitalZone : kzbin.info Subscribe to our தமிழ் Channel CapitalZone: kzbin.info/door/ke6ygIkcouKm7R3nLSyalA ---------------------------------------------------------------------------------------- WORKSHOP DETAILS: Conducting workshops in all Metro Cities (Delhi, Mumbai, Bangalore, Hyderabad, Chennai, Kerala, and Coimbatore) is often based on queries from Traders. 👉Topics: capitalzone.in/topics/ 👉Enroll Here: rzp.io/l/G1rrn8POy 👉Schedules: capitalzone.in/schedules/ ---------------------------------------------------------------------------------------- For Trading Account Opening and Other financial services, can reach us at: Phone\Whatsapp\Telegram: [phone] Free Telegram Channel: t.me/itjegan Twitter: twitter.com/itjegan/ Facebook:facebook.com/capitalzoneitjegan LinkedIn:www.linkedin.com/company/capi... Instagram: instagram.com/capitalzone_itjegan/ Website: www.capitalzone.in/

[@CapitalZone]

DESCRIPTION Mr. Jegathesan Durairaj (itjegan) is a professional Option trader, strategist, Expiry trader, Trainer, and Investor. He is a mathematician by qualification, an Ex-software professional, and now a full-time Risk Defined Option Writer. With his Open Book Strategies, he is the most known identity on Twitter as IT Jegan, with huge followers. He has won 12 times on the Zerodha platform. He founded his own firm CapitalZone at the year in 2018. For Live Trades & Market, analysis Join my Telegram channel for Free Search ITJegan in the Telegram app & follow @ITJegan on Twitter t.me/itjegan Discount Offer for Sensibull Subscription, click here. Link: pages.razorpay.com/itjegan To Open a Trading and Demat Account, click the below link, ZebueTrade:zebuetrade.com/itjegan/ Zerodha: zerodha.com/open-account?c=ZMPSLL Motilal E-KYC Acct Opening Link : mosl.co/AkSo6eS2b2 Alice Blue Acct Opening Link : aliceblueindia.in/Capital_Zone Subscribe to our Channel CapitalZone: kzbin.info WORKSHOP DETAILS: Conducting workshops in all Metro Cities (Delhi, Mumbai, Pune, Bangalore, Hyderabad, Chennai, Kolkata, and Coimbatore) often based on queries from Traders. Schedules: www.capitalzone.in/schedules/ Enrollment: www.capitalzone.in/how-to-enroll/ Topics: www.capitalzone.in/topics/#.XEWDxVwzaM8 For Trading Account Opening and Other financial services, can reach us at: Phone\Whatsapp\Telegram: [phone] Free Telegram Channel: t.me/itjegan E-Mail: [e-mail] Website: www.capitalzone.in/ Twitter: twitter.com/itjegan/ Facebook:facebook.com/pages/category/Financial-Service/CapitalZone-105618477801678/ LinkedIn:www.linkedin.com/company/capitalzone-in/ Instagram: instagram.com/capitalzone.in

[@intradaytradingtipstamil3474]

Sir, I have income from zerodha referrals too. In section 44AD , it is mentioned as personals with income from brokerages can not use section 44ad. What shall I do now sir. I could able to see that you are also receiving income from zerodha referrals ( referral link given in description) For the past 3 months , I have made more than 6 percent income of total turnover in intraday trading. Kindly please do reply sir .

[@vijaym2219]

Very useful video for traders. Yes, traders should know how to manage their tax

[@lokeshraomane9410]

You are Explain properly. This is use full for me

[@patelkshekhar]

Your topic is different and necessary knowledge than other youtuber . Thanks and keep it up

[@Vidyasagarbb]

Hi Jagan, this is factually incorrect. If my trading turnover is above 2 crores and less than 10 crores, then I do not use section 44AD and still not get tax audit because it comes under the normal cases (without special case of Section 44AD) so tax is only mandatory if turnover is >10 crores. I use it almost every year.,.

[@rishavbaidya8853]

Thank you so much for such a lucid explanation. totally understood the taxation for the first time. Thank you.

[@bhuvaneshmadhu8376]

In you tube so much content is there on this topic but yours contei is exact and awesome sir ,you explained this very easily . Thank you very much sir 💞

[@varadharajannadadhurvaradh8746]

Steady delivery of knowledge step by step and asking self answering is too good. This video may sound slow but at perfect pace

[@sudarshansudhu765sudhu7]

Thank you so much for simple explanation sir.

[@natarajang6125]

Amazing explanation, Excellent video sir!!

[@chintanlimbani838]

perfect pinpoint value for time to watch

[@vijay2708]

Best in-depth explanation …

[@arulk9373]

Thanks to you Jegan for making the complex tax process simple. Much appreciated. One question, Can we claim expenses even while making a loss?

[@CapitalZone]

Yes

[@vamshireddy892]

Awesome explanation sir

[@JU007.]

very useful information in simple way

[@kshankar102]

Thanks jagan for your valuable input.

[@Joysivakumar]

The topic is very welcome topic.

[@shellywhale4996]

Only perfect vid on this topic

[@monunagar4474]

Is broker give all data directly or we should maintain all track record in excel ? How we manage all this ?

[@sanatsahu]

Very nicely explained the various scenarios of tax to be paid. Good keep it up.

[@rvfinancial8945]

Good information Jegan, appreciate your simplicity in conveying facts. Is GST registration a must for trading?

[@gkr1741]

Recommended to watch in 2X speed.

[@moneymakingmonk7005]

I always watch in 2x speed.

[@MovieMagic-33]

Hahaha good observation

[@inthenameoffuckingg-saus9868]

😂😂😂

[@meenkudutta9070]

You are a life saver 😹

[@manojkumarmathey]

This shows how you loose money in market due to greed and lack of patience.

[@GauravSingh-cj9ek]

Awesome Video Jegan. thank you once again

[@giridharmallya290]

Thanks for clear explanation on various aspects relating to Tax for traders. You have covered all the areas.

[@kirannavada3658]

Good informative video sir ..thanks

[@destination3134]

jai kinaram . thanks for sharing your kowledge with us.

[@krishagartala09]

Hi Jegan, today I came to Know that there is a big difference in Angel Brooking and Zerodha, in zerodha 50% of margin amount can be pull from Collateral(Holding) rest 50% from Cash/Ledger balance, where in Angel Brokering 100% of margin amount can be pool from Collateral(Holding). In Zerodha ETF pledge 100% amount can be pooled. as per my understanding Angel Brokering is more beneficiary.

[@CapitalZone]

Call 9962143422

[@raghuk3141]

Super explained sir

[@MsAzizrahman]

Sir, (Lets assume I am an individual tax payer) suppose in a financial year I have made 7 Lakh Rupees as Gross Profit. The Brokerage and other trading related taxes (Like STT, Stamp Duty, Service Tax, etc) stands at 2 Lk Rupees. What will be the taxable income for that particular year? Do I have to pay tax on Rupees 5 Lk or on the Gross profit of 7Lk ? Your answer will help a lot.

[@gunanidhi123]

Very good

[@Elexted]

Thank you sir, pretty informative.

[@krishnaaskr]

Nice video, Thanks a lot for sharing knowledge, You are legend in option selling, I am big fan of you, requesting you to please make videos on regular income methods by selling options

[@nrrane]

helpful. Thank you

[@Vt-uu1ib]

Very Informative Jegan Boss. Support from Canada

[@tourist3066]

How can you trade from Canada.I m also going to Canada soon can I be in touch with you

[@Vt-uu1ib]

Valy Furtado dont go. Time is totally opposite. You cant focus on trade with work from there.

[@prasadv9660]

DEAR SIR, PLEASE EXPLAIN THE WEEKLY EXPIRY(BREAD AND BUTTER OR AS YOU SAID RICE AND SAMBAAR OF OPTION SELLER) STRATEGY IN NEXT VIDEO... SO THAT ALL OF YOUR FOLLOWERS(OPTION SELLING FANS) CAN MAKE CONSISTENT PROFIT. THIS IS MY HUMBLE REQUEST.

[@manjunathgundagi8736]

Video is very illustrious but there is a problem when at the end you give consolidated view. It is not 'IF YOU MAKE ANY LOSS AUDIT IS MANDATORY '. There is no need for audit if ' YOU HAVE ONLY LOSS, TURNOVER IS BELOW LIMIT OF 2cr and DO NOT HAVE ANY OTHER INCOME WHICH CROSSES BASIC EXEMPTION LIMIT OF 2.5 lacs'

[@vishan777]

Perfect sir..Peoples should forget about section 44ad because that is not in our case.

[@rajasmusicalinn9127]

absolutely great video...

[@PraveenKumar-dl3tu]

Kind request to Please share updated video on the year 20 21

[@shamsunder7698]

Sir, I have opened account with zerodha and started trading.Mostly trade 10 or more trades daily. So it can be 250 plus trades in a year. Do i need to keep record of daily trades to file IT returns. Or just my P&L downloaded from zerodha in the end is enough for my CA.

[@jayeshkadam9849]

Hello sir, I have doubt regarding calculation of turnover. Which method of calculation of turnover should I follow for F&O trades i.e. Scrip wise or Trade wise?

[@amitswarnakar3777]

Sir can u explain domain name is expense or claim depreciation as an intangible asset

[@9940182655]

Useful Video

[@intradaytradingtipstamil3474]

Sir, I have income from zerodha referrals too. In section 44AD , it is mentioned as personals with income from brokerages can not use section 44ad. What shall I do now sir. I could able to see that you are also receiving income from zerodha referrals ( referral link given in description) For the past 3 months , I have made more than 6 percent income of total turnover in intraday trading. Kindly please do reply sir .

[@vishan777]

Don't go and don't file under sec 44AD. File normally. Only filing under sec 44AD requires profit above 6% or go to tax audit. Everybody and this video is misleading.

[@neemaji]

You deserve more view and likes

[@kasatkarpratik]

very Articulate !! Thanks ..

[@vimalpatel-rt9jg]

Amazing video sir. I've one doubt. In order to fill the tax, do I need to keep track of the turnover of every day or is there any way where I can find the turnover for whole financial year 2019-20 ?.

[@unnikrishnan_ravi]

If you are using Zerodha, turnover will be shown in "Tax P&L". With other brokers either you can find it on daily basis or you can calculate after year ending from yearly report.

[@letstrade2earn]

please clarify if i am doing f&o trading (only intraday) never buy or sell for next day throughout my life (just to confirm this is a pure intraday trade) Will this consider as non-speculative business? Can we consider this as business income and compare with income tax slab for taxation? can we have expense cover with it? no one giving proper answer; Hope you give it. thank you in advance

[@vishan777]

File ITR 3. FNO trading is non-speculative business even you do only intraday or carry forwarding.

[@afreeda3804]

Sir, how turnover is calculated for btst trades? Is it similar to equity delivery turnover calculation?

[@suhasm9860]

Sir, Please advise whether Intraday trades in futures calculation is same way to compute turnover.

[@unnikrishnan_ravi]

Yes

[@anjurulallukrishnaprasad2185]

How to calculate IT on profit sharing

[@chinmayjain2690]

Sir what about stock market turnover when we have to give audit it?

[@netaichakravarty5553]

Please give an example Sir to understand the same more clearly .🙏

[@sadhashivanarcotnagalingam5862]

Can u upload with a eg. Of figures so that we can be clear

[@pritV01]

Not even a single video in youtube I have found where one has explained about how to show purchase In case books of accounts are maintained...

[@vikitrades]

I’m 20000th viewer😇✌🏼😁

[@sadhashivanarcotnagalingam5862]

Sir what about people less than 1crore and with pension

[@birendrakumarsingh6266]

Good information

[@sunilarora3397]

Sir any trick or automated for calculate of turnover

[@varunvick]

Hello Sir. Can you clarify a bit on advance tax. I searched everywhere for tax information for FnO traders but couldnt get clear information. I started trading in November and made 12 lakhs by march. However, I did not pay advance tax on it since i had no idea i would make 12 lakhs. Now i am told to pay penalty (including interest on advance tax not paid) every quater wise even for those quaters i did not even start trading. How can a trader forecast how much profit hes going to make and pay advance tax on it?

[@stockmarketpositivity7186]

For the first time it is difficult to assume future profit , as per it act if you're tax liability crosses 10 thousand we need to pay advance tax

[@tharmiakuppusamysubramania7890]

Nice

[@irkirk]

i was searching for this many days thanks you very much..

[@imthimerchandiser243]

Intraday options taxation’s differ from options expiry transactions?

[@unnikrishnan_ravi]

All option trading has same treatment

[@mohammadmansoor9807]

Sir, My turnover is very less than 1 cr and made losses can i go with sec 44AD to avoid tax audit.

[@CapitalZone]

Yes

[@vishan777]

No need. Don't go and file under sec 44AD. File normally. Only filing under sec 44AD requires profit above 6% or go to tax audit. Everybody and this video is misleading.

[@unnikrishnan_ravi]

@@vishan777 If he doesn't want do audit he can file the return under 44AD declaring 6% profit right?

[@casradha9546]

@@vishan777 my case is also less than one crore turnover and loss incurred. How to file return...pl guide

[@vaitheeswaranc624]

@@unnikrishnan_ravi No need to declare as profit when there is loss. Don't go for Sec 44Ad. File normally (sec 44 aa - maintain book of accounts). Don"t fear about books of accounts. Whatever the trade reports available with you is enough as book of accounts.

[@santu162003]

Sir, query regarding trading income along with salary. How to file this ?

[@CapitalZone]

ITR3

[@arunkrishna210]

I am trading with capital using bank loan can i less bank interest amount when itr filing please reply thank you

[@vishan777]

yes you can. But file ITR3

[@chartaddict1977]

Sir if TURNOVER is 10 lac but incurred loss then audit is required??

[@stockmarketpositivity7186]

Audit comes only when your turnover crosses 2 crore

[@vishan777]

No need. Don't go and dont file under sec 44AD. File normally. Only filing under sec 44AD requires profit above 6% or go to tax audit. Everybody and this video is misleading.

[@destination3134]

sir plz make some opton eduction related video also

[@moneymakingmonk7005]

he is a genius in options selling.

[@AmitSharma-qb1nm]

Can turnover be fetched from zerodha report?

[@anujpareek3517]

Yes

[@jiyadmuhammed5182]

Do we have to pay tax for turnover or profit?

[@stockmarketpositivity7186]

Profit

[@MrSudeepantony]

Hi Jegan, Can brokerage in Options trading be treated as expenses?

[@vaitheeswaranc624]

yes

[@SouravGhoshkulti]

I earn from Salary+FDinterest+CapitalGain+F&O,Currency,Intraday Trading. Can't I file ITR4 instead of ITR3 ?

[@vishan777]

No. file ITE3

[@paramjeetdll2]

please do not give wrong information ....

[@aravinthcma266]

Audit compliance are completely wrong

[@vishan777]

you are perfect sir. everybody misleads and telling about section 44ad but that is not needed in our case.

[@casradha9546]

@@vishan777 pl guide me to file return of a commodity trader sir

[@toppointtraders8099]

i seriously find your trades very risky , for so less income , you just win with more probability , but your 20% losing streak can take away your all income