Future & Options and Income Tax Provisions | CA. Anoop Bhatia

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. Dear friends taxability of 'Future and Options' is a prevalent issue which requires discussion on various aspects like whether income from F&O transactions is business income or capital gain income, whether F&O transactions are speculative transactions, whether losses from F&O can be adjusted against other heads or other business income or not, how turnover for F&O transactions should be computed etc. I am hopeful this video will be helpful to viewers in terms of understanding the taxation of F&O transactions. Your precious feedback, comments and queries are most welcome. This video is mainly based on the income tax provisions applicable for the AY 2020-21.
'फ्यूचर एवं ऑप्शन्स' के ट्रांसक्शन्स पर बहुत से प्रश्न आयकर के सन्दर्भ में समय समय पर सम्बंधित इन्वेस्टर्स को परेशान करते रहते हैं, यह वीडियो 'फ्यूचर एवं ऑप्शन्स' से जुड़े महत्वपूर्ण प्रश्नों का उत्तर जानने का प्रयास है। यह वीडियो कर निर्धारण वर्ष 2020-21 के सन्दर्भ में बनाई गई है। आपके बहुमूल्य सुझाव, कमेंट्स एवं प्रश्न सादर आमंत्रित है।
Other top / popular videos of this channel are: www.youtube.co.... www.youtube.co.... www.youtube.co.... www.youtube.co.... www.youtube.co.... www.youtube.co.... www.youtube.co....
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Опубликовано:

23 сен 2024

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Комментарии : 801

@shashankdhamaniya5834 3 года назад

This is really helpful Sir. I have been your student in the year 2013-14. Just found this video today while searching for tax implications on options trading. Amazed to hear you again. As always it was very informative with such clarity. You always make it sound nice and easy. Reminded me of my classroom sessions.

@CAAnoopBhatia 3 года назад

Thanks Shashank, glad that you found it helpful.

@kalakayyarevanaki9011 2 года назад

Thanks for valuable information

@thumbiashok 3 года назад

Anoop sir, what voice ...crystal clear....No mix and match...point blank clarity...Very good sir

@CAAnoopBhatia 3 года назад

Thanks for kind appreciation.

@ranjanbehera-d3j Год назад

Anoop Ji, sirf yehi dua mangunga aap ke liye. Bhagwaan aapko 100000000000000 shaal ki zindegi dein aur aap aise hi knowledge share karterahehain. we all love you Anoop Ji. aapke awaaz mein sachai hai aur aap jo rule hai wohi bolrahehain. God bless you.

@CAAnoopBhatia Год назад

Dhanyavaar Sir. Aapka pyar avm aashrivad aise hi banaye rakeh.

@connectwithmohit 4 года назад

You are always a blessing to us and really a valuable asset for the profession. Regards

@CAAnoopBhatia 4 года назад

Thanks Mohit bhai for your appreciation. Wishing you all the best :)

@rahul28agarwal 3 года назад

Hello Sir, My F&O turnover is above 10 Crore trade wise & I have a loss of Rs. 1.25 crore. Please guide how should I prepare P&L account in audit ? ( As my expenses are of Rs. 50 Lakh Only)

@connectwithmohit 3 года назад

@@rahul28agarwal please contact either to Res. Bhatia Sahab, or email me the issue on camohit38@gmail.com

@saketmusic 4 года назад

Bohot Badhiya Bhatia ji... maan gaye, itna clear cut samjhaya aapne. mera kuch sawaal hain 1. Agar koi f&o individual trader loss dikha k loss carry forward krna chahta hai... to kya audit mandatory hai? 2. ek Individual kya FD interest ko Carry Forward loss se setoff kr sakta hai kya?

@CAAnoopBhatia 4 года назад

Thanks Saket ji. Showing loss does not mean that an audit is required unless turnover exceed the threshold limit. FD interest can't be set off against c/f losses.

@kamleshkaushik4394 4 года назад

@@CAAnoopBhatia but sir ye income to non speculative hai and isko to hum othe income se adjust kar sakte hai Sp fd interest se kyu nahi kar sakte..plz revert

@kuarsahu 3 года назад

For the below scenario: Taxable income from salary: 12 Lac approx. Short term profit from stocks/MF: 10k Total Turnover (Intraday, Options & Futures): 20 Lac approx. Total Loss (Intraday, Options & Futures): 2.5 Lac approx. 1) Do we need Tax Audit to carry forward current year losses? 2) How long can we carry forward the Intraday, Options & Futures 4yrs or 8yrs. 2) Which ITR do we need to fill and how many years do we need to file the same ITR? 3) Do we need to maintain Books of account? 4) If BOA required then How and how can maintain BOA?

@CAAnoopBhatia 2 года назад

Prima facie tax audit would depend upon turnover, pls refer my recent video for tax audit it will guide you more better. Further intra day losses can be c/f for 4 years and other (F&O, delivery etc) may be carried forward for 8 years. ITR 3 shuold be filed, books should be maintained. Pls consult your CA for precise reference.

@akton8498 3 года назад

Specially, Make a video on swing trader who doesn't have any other JOB OR BUSINESS No intraday f & O but thru Equity Investing only that taking positional trade < 7 months making 8-10 lakhs unrealized profit ... For Example kanchi karaporam bought at 400 it is at 3x+ now... CMP 1300 + , How one shld calculate Tax if profit is booked. Kindly, make videos with specific examples...

@pranavtated8548 3 года назад

This is the most simplified version of Tax laws on F&O ever on RU-vid

@CAAnoopBhatia 3 года назад

Thanks Pranav :)

@venkataratnamjupudy5850 2 года назад

It is really wonderful to listen your video with clarity. I am retired employee aged 78 year and I keenly follow taxation subjects. Now my query is why an assessee, whose business turnover on option trading is Rs 20 lakhs in the year and incurred a loss of Rs 4 lakhs and did not maintain books of accounts as per sec44 AA, as the turnover is less than qualifying turnover of Rs 25 laks, And got the ledger and p&l statement from the broker & in none of the previous years did any business and never opted for presumptive taxation of sec 44 ad any of the previous years, as it did not maintain arise as this is first year of business & Has other income from Other Sources more than taxable exemption limit say Rs 10 lakhs Is there any need for tax audit and to maintain books of accounts as specified? ,

@CAAnoopBhatia 2 года назад

Thanks Sir for kind appreciation. In my opinion in case cited by you tax audit is not applicable if there are no cash receipts / payment involved as such, however, books may only be in form of ledger statement, P&L given by broker.

@anuragsrivastava9491 4 года назад

Sir it is daring efforts from your side and I think first time covered by anyone. Made very clear.🙏🙏🙏

@CAAnoopBhatia 4 года назад

Thanks Bhai Saab :)

@charatsharma9809 3 года назад

Bhatia Ji, hats off to you for so clear message, you are really doing public service, May God bless u.

@CAAnoopBhatia 3 года назад

Thanks for kind appreciation.

@saurabhgolya3312 4 года назад

Sir thanks a lot for making such video on my request. You have done all doubt clear regarding F&O trading and I hope it would be beneficial to all of us. And enhance knowledge of everyone. Again thanks with regards. My suggestion about point which may be added 1. Under section 44AA criteria for maintaining books and account if business income (PGBP) is > 2.5 lakh or turnover is > 25 lakh 2. Example of calculation of turnover in options trade should have been given. 3. In which conditions department treated short term capital gains as a business income . Sometimes delivery based short capital term gains are treated as business income if transactions are more and frequently done. But department doesn't give clear definition of "more and frequent transactions " its a subjective matter. Thanks to you from my heart

@CAAnoopBhatia 4 года назад

Thanks Saurabh for kind appreciation.

@aalaaala2010 2 года назад

God bless you Bhatia ji..... wonderful discussion.....no timepass......thank you, sir.

@CAAnoopBhatia 2 года назад

Thanks Sir for kind appreciation.

@mangeshchitale102 2 года назад

What to write in "sales" and "purchase" in profit and loss account? As "Sales = Turnover" is what we do in common practice. But here "Turnover" is different than "sales".

@amitmandal6964 4 года назад

Mind blowing. As clear as day light sir. Great effort sir🙏🙏🙏🙏. Thank u very much

@CAAnoopBhatia 4 года назад

Thanks Amit ji :)

@KunalKourani 2 года назад

Thank you. What is the meaning of "Where a reverse trade is entered then difference thereon should also form part of turnover?" This is for option turnover calculations.

@srikishanpallod8129 2 года назад

Very nice channel, he sounds calm and good. Thanks for information

@CAAnoopBhatia 2 года назад

Welcome!

@onemanarmy54321 3 года назад

"Where a reverse trade is entered then difference thereon should also form part of turnover." इसका क्या मतलब होता है सर ? यह ऑप्शन का टर्नओवर का तीसरा पॉइंट है।

@Adityakumar-sr2ex 2 года назад

Thank you so much Sir... Making this video for educational purpose.... 🙏🙏🙏🙏🙏🙏🙏.... I want one Separate Video... For TRUST accounting & How was the Cycling of Trust...

@arvindm1946 3 года назад

Anoop sir thanks for clarifing on Audit applicability for F & O trading. Many Tax filing websites ( Quicko, cleartax etc) and CA s who are answering audit related questions of F & O traders ( on Tradingqna online Forum) are telling that if total income is above 2.5 lakh slab and net profit is below 6% or if there is a loss then audit is applicable( irrespective of turnover). Please guide .

@CAAnoopBhatia 3 года назад

That may be a safer opinion. Actually wef ay 2017-18 section 44AD(4) got amended that is why I suggest usually no tax audit is required.

@bimalmohangupta9490 3 года назад

Bahut shandar advice. Thanks

@CAAnoopBhatia 3 года назад

Thanks.

@namanporwalauthor5103 2 года назад

1. Sale in P and L will be actual sale value right? And turnover calculation done is only to check audit limit. 2. 5% cash will be taken on actual sales or turnover calculated as above? 3. Is it okay if actual sale value is greater than turnover calculated? Even if it crosses audit limit but calculated turnover doesn’t?

@caipbimalashokdesai9873 3 года назад

Sir, Thanks for your video on FNO. Request to please guide as to how to pass entry in books so that we can show actual turnover and profit or loss. As we are ignoring negative sign, it is confusing.

@CAAnoopBhatia 3 года назад

Bimal bhai in my opinion there are two ways to do it eithe book each and every transaction in books or book few consolidated entries in the books for respective category wise profit or loss.

@shilpagaikwad3426 8 месяцев назад

खुप छान explain केली आहे.thank यू सर

@CAAnoopBhatia 8 месяцев назад

Thanks.

@brijeshgupta3086 4 года назад

You have covered all the possibilities about treatment of f&o

@CAAnoopBhatia 4 года назад

Thanks Brijesh :)

@anupammukherjee4147 2 года назад

Sir please make a video only upon cash receipt in tax audit section. Whether the receipts are for any instruments, employees, infrastructure etc.

@sudarshanmotukuri9242 4 года назад

You are the best Anoop ji. we love you.

@CAAnoopBhatia 4 года назад

Thanks Sudharshan :)

@gnanikapandala9436 4 года назад

Sir Please do guide me if my analysis is correct or not. Case I: Mr x has loss from F&O Rs 150000 and turnover less than 1 Crore Then audit is not mandatory & it will be treated as normal business loss Case II: Mr X has loss from F& O Rs 150000 and turnover more than 1 crore but less than 5 Crore Then also audit is not mandatory as we can apply the 5% rule of cash payment and cash receipts. Case III: Mr X has salary income Rs 10 Lakhs and income from other sources Rs 56000, Loss from F&O Rs 150000, Turnover less than 1 Crore. Then it will be treated as deemed tax audit right?? because income from salary and other sources is greater than the basic exemption limit of Rs 250000.

@CAAnoopBhatia 3 года назад

Sir in case 1 tax audit is not required in my opinion, in case 2 if you satisfy 5% clause audit is not required. In case 3 even if you satisfy 5% clause tax audit will not be required.

@mathysam3254 3 года назад

Sir your explanation was very clear. I would like you to do a video on options with an example, to understand the addition of premium and reverse trade in the working

@CAAnoopBhatia 3 года назад

I will try.

@khanna1986 2 года назад

Thanks Sir You real are Caa RU-vidr

@nareshshrivastava1602 2 года назад

Very clear and to the point

@devarasiddappadevarajaiah5813 Год назад

Thank you very much sir. Pl make a complete video on filing ITR 3 for salaried people with intraday and NFO transactions

@CAAnoopBhatia Год назад

Ok I will try in future.

@cahemantpanchal 2 года назад

Thanku sir great clarity

@prasbhat8825 3 года назад

Superb analysis! All traders need to watch this video.

@CAAnoopBhatia 3 года назад

Thanks for kind appreciation :)

@minionssaga4100 2 года назад

Easy and wonderful presentation

@CAAnoopBhatia 2 года назад

Thanks for kind appreciation.

@kameswararaoag2644 3 года назад

clear explanation easily understadable which goes into the minds of the listeners

@CAAnoopBhatia 3 года назад

Thanks for kind appreciation.

@rakeshjaiswal6245 3 года назад

Sir Aapko sunkar accha lga Per mai cahta hu ki aap jitne bhi tex se related ho ya f and o se sare example ke throu samajhaye Jisse logo ko samaghna me aasani ho

@CAAnoopBhatia 3 года назад

Ok I will try.

@aartsensestudios7369 2 года назад

Wonderful Explanation Thanks & Best Regards

@CAAnoopBhatia 2 года назад

You are welcome

@govindaotavani 4 года назад

Thank you sir Both of vedio old and new on F & O are really nicely explain by you.

@CAAnoopBhatia 4 года назад

Thanks and welcome Govinda :)

@govindaotavani 4 года назад

Sir F & O transaction related to agri comodity is normal business and prof income or speculation transaction??? If normal busi & prof but last year i considered as speculation transaction and now FY 19-20 can i taken as normal business and profession. FY 19-20 also appx 20 lacs loss Please guide me🙏

@omrasfilms4651 4 года назад

Hi Bhatia Ji, you have very authentic voice and your detailed explanation is much appreciated !! It will be great help if you help me with my queries .Many other CA are saying that one need to go for CA audit even if his transaction is less than 1 crore and he is in overall loss, only way to avoid CA audit is to show 6% of profit and turnover less than 1 cr which is contradictory to what you have explained. In my case my turnover is 59 lakhs and overall loss of 4 lakhs , do I need to go for CA audit and what should be the Nature of business Code?

@CAAnoopBhatia 4 года назад

Thanks for kind appreciation Kabir ji. However, as per my understanding there is no need to offer minimum 6% or 8% income, you should offer actual income in your ITR.

@vegetagoku42 2 года назад

Do not go for audit, ca is fooling you, watch video of pr Sundar with tax buddy, there is your answer..

@rajeevmongia138 2 года назад

Absolutely best explanation.

@CAAnoopBhatia 2 года назад

Glad you liked it

@g.m.shivaprakasha9730 3 года назад

sir,,Thanks for your detailed information about F & O transactions, this information is clear all my doubts

@CAAnoopBhatia 3 года назад

You are most welcome :)

@giteshs999 3 года назад

This is very good. One question though, what about losses? Does one needs audit if there is a loss? This is painful as unless one's turnover is high, audit is a burden.

@CAAnoopBhatia 3 года назад

In my opinion unless the turnover exceeds the threshold limit there is no need to get the tax audit done.

@giteshs999 3 года назад

@@CAAnoopBhatia Thank you Anoop. Lot of things surrounding trading income is not clearly defined by IT dept. While Filing the IT return, Do you enter data in 'Accounts not maintained' section or other section? As other sections are not actually relevant and applicable only for Manufacturing or trading.

@casradha9546 3 года назад

Under which section F&O coming Sir?

@manishsultania456 2 года назад

this video is really helpful for me sir.

@kusumprajapati7760 4 года назад

Sir ur video was very helpful. But 2 queries: 1) In case of Options the premium which is recvd on sale of options is also included in calculation of Turnover unlike Futures? 2) If I don't go with 44AD and declare profit less than 6 % then will there be no query from IT Deptt? Plz reply

@CAAnoopBhatia 4 года назад

Kusum you are right that premium received on sale of option should be included in turnover. Further as I clrearly mentioned in the video even that F&O trade is not 44AD business so IT deptt. should not object, even if they do so we can reply that relevant transactions were F&O.

@kusumprajapati7760 4 года назад

@@CAAnoopBhatia that means if a person bought a Option contract @rs.100 & sold it at rs. 125 then his Turnover is rs. 25+125=150?

@crystalcool5121 Год назад

Please share e mail I'd and contact number

@kamleshkaushik4394 4 года назад

Sir agar ek he company like HDFC me multiple times same day me he f&o me koi trade karta hai or uske har trade me kabhi profit hota hai to kabhi loss Jaise ki 1st trade me 4000 profit 2nd trademe 140000 loss 3rd trade me 15000 prpfit and uska un sabhi trade se final 5000 profit rehta hai to uskaa turover 5000 hoga yaa fir uske har trade kaa sum means 33000 rs Plz revert.

@CAAnoopBhatia 4 года назад

In my opinion turnover should be 4000 ;plus 140000 plus 15000

@rohitmanik7188 3 года назад

Thanks for such information sharing in simplistic way.

@CAAnoopBhatia 3 года назад

My pleasure :)

@saurabhjain7440 3 года назад

Very good and useful information , and explanation is superb.

@nishu123100 3 года назад

complete solution of all queries in 10 mins👌

@CAAnoopBhatia 3 года назад

Thanks :)

@siddhantraje 3 года назад

Can't thank you enough... Helped a lot ! Thank you sir ji !🙏🏼

@CAAnoopBhatia 3 года назад

Always welcome :)

@vimalkumar-cn1fj 3 года назад

Very useful video for retail investors, thank you very much sir.

@CAAnoopBhatia 3 года назад

You are most welcome :)

@dineshkumar-kd2hv 2 года назад

Good video imparting clarity on the topic. What if F&O income is less than 6% of turnover of 50 lacs. Whether audit is required

@CAAnoopBhatia 2 года назад

In my opinion tax audit should not be required.

@parbatsinghrathore8849 4 года назад

Many Many thanks for paying attention to my request about share market. We would also want a video on intraday and cash segment transactions.

@CAAnoopBhatia 4 года назад

Prabhat ji I will try yet I created one video on capital gain taxation which you may refer for share market transaction.

@sachinrv1 2 года назад

All your videos are informative and very useful.

@CAAnoopBhatia 2 года назад

Glad you think so!

@harshitmiddha9397 2 года назад

Beautifully explained sir, sir please explain do we need to pay advance tax on f&o income?

@CAAnoopBhatia 2 года назад

Yes you need to pay advance tax on such income.

@netaichakravarty5553 3 года назад

Thank you very much Sir for this helpful video . Stay blessed and happy 🙏

@CAAnoopBhatia 3 года назад

Most welcome Netai. Thanks for your blessings.

@bharatkachhadia8117 4 года назад

Thanks sir to provide better information for F&O transaction

@CAAnoopBhatia 4 года назад

Always welcome :)

@surendraverma1438 3 года назад

You are a really good advisor god bless you

@CAAnoopBhatia 3 года назад

Thanks and welcome:)

@shankarollakkat1831 3 года назад

Very good information. Thanks

@CAAnoopBhatia 3 года назад

Glad it was helpful!

@navingoyal2003 2 года назад

For Option turnover, please clarify - Buy option premium is Rs. 10K and Sale option premium is 22K so profit is 12K. So Turnover is Rs. 32K(10K+22K) or 34K(2K+10K+22K) or some other way. Please guide

@CAAnoopBhatia 2 года назад

In my opinion every option contract is seperate one, thus is on buying you incurred loss of Rs. 10K then on sale you booked profit of 25K total tunover should be 35K further if you also got premium of Rs. 2K at time of sale of option then that should also form part of turnover. Rest refer the ICAI guidance note on Tax Audit.

@navingoyal2003 2 года назад

@@CAAnoopBhatia Thanks for prompt response

@ca.adityakothari9913 2 года назад

Beautifully explained

@CAAnoopBhatia 2 года назад

Thank you so much 🙂

@sujitsahu9779 3 года назад

Hello sir, the information is very useful. Thank you. Would you please make s vedio on accounting of f&o transaction. It will be s great help.

@CAAnoopBhatia 3 года назад

Thanks for kind appreciation, I will try.

@grixology 2 года назад

What a wonderful video Sir! Hats off

@CAAnoopBhatia 2 года назад

Glad you liked it!

@harshaverdhanwasnik4191 3 года назад

So informative video Thank you

@CAAnoopBhatia 3 года назад

Glad it was helpful!

@dlskishoreb.comfcadisa2145 4 года назад

Excellent sir, Super vedio. Namaskar

@CAAnoopBhatia 4 года назад

Sir thanks for kind apprication.

@dinesh249955 2 года назад

1st of all thank u for such informative video...wanted to ask weather short term capital loss of last year from equity shares can be adjusted with this year's Gain from f&o..pls guide

@hemensingla1398 Год назад

Sir Kindly upload new video with current applicable rules

@CAAnoopBhatia Год назад

Ok I will try.

@premi24b Год назад

hello sir, very well explained. sir, i think its better to show actual profit rather then going for presumptive scheme u/s 44(AD), because presumptive scheme may give you trouble in next assessment years. your opinion sir. thanks

@CAAnoopBhatia Год назад

Yes, you are right.

@AmitAnand03 3 года назад

Very well presented. Thanks for the info Sir. Jai Hind.

@CAAnoopBhatia 3 года назад

Thanks Amit bhai. Jai Hind :)

@shikhaagrawal1743 3 года назад

Thanks Sir, the video is very informative.

@CAAnoopBhatia 3 года назад

Welcome Sir.

@pbose698 2 года назад

Great 😊 video very nicely explained.Some big traders are claiming fuel car int charges and travelling abroad expenses also Though it seems incorrect but can't my car fuel driver etc be claimed especially when I have paying guest income also Can you clarify please 🙏

@bkkhatri2 4 года назад

Thank you so much for sharing knowledge.

@CAAnoopBhatia 4 года назад

Thanks for kind appreciation.

@CAAbinashJaiswal 2 года назад

Beautiful explanation sir 😇🙏

@CAAnoopBhatia 2 года назад

Thanks and welcome

@YeshvantWadekar 3 года назад

TOO GOOD INFORMATION

@stocksmithfinserv 3 года назад

Thank you sir for this wonderful video giving insight about various aspects related to F&O based taxation.

@CAAnoopBhatia 3 года назад

Thanks and welcome

@stocksmithfinserv 3 года назад

@@CAAnoopBhatia good morning sir, thank you for your reply. I was have a small query, would be grateful to have your continued patronage: currently, -ve entries are not permitted under 64i for business income in ITR-3/ P&L section. Is it an error, because it was possible in the past..? Otherwise how to setoff from F&O against CG. Thanks again for your support.

@venkataratnamjupudy5850 2 года назад

Thank you verry much, sri Anup ji I suggest to kindly add this example for the benefit of salaried employees with small business turn over as some of my friends were advised to go for tax audit by simply telling that since you did not show presumptive income at the specified rate , it is must to get tax audit done as per sec 44:AD.and no minimum turn over is mentioned and only upper limit is prescribed in the section

@gurpreetsingh8978 3 года назад

nice information sir,thanks sir...jai hind ji

@CAAnoopBhatia 3 года назад

Jai Hind Sir. Thanks.

@chandanasharma1996 3 года назад

Sir... very good efforts done by you... Lots of thans sir.

@CAAnoopBhatia 3 года назад

My pleasure :)

@mohankrishna_mon 3 года назад

Sir, can you please clarify this, If I'm trading in Options through my company account, my company will be paying 25% as tax, further, if i want to take that remaining money out, there will be further tax on that remaining 75% amount which is paid as dividend to me, this is as per my tax slab anyway. So its double tax. So how is it beneficial to trade through company account, as few suggest on internet, when compared to trading in personal account where i will just pay tax(once) as per my tax slab?

@CAAnoopBhatia 3 года назад

You are right it's sort of double taxation. The complete facts and circumstances are important to give final view.

@BrainDevelopment 3 года назад

Great info! Thank you very much!

@CAAnoopBhatia 3 года назад

Very welcome!

@chundurusandeep5517 4 года назад

thank you very much sir. You have resolved all my queries.

@CAAnoopBhatia 4 года назад

Thanks, nice to know that.

@divakarannambiar5232 2 года назад

Very clear opinion

@CAAnoopBhatia 2 года назад

Thanks.

@Pranavgmail 3 года назад

Sir, Can you please make a video or post a document, showing the benefits and drawbacks of doing F&O trading in company account mentioning the applicable tax rates and compliance

@CAAnoopBhatia 3 года назад

I can try. In case of companies if F&O transactions are carried out then one your MOA should permit to do the same then any losses of such activity may be adjusted against other income of the company.

@surajvidhate9162 3 года назад

Excellent explained... Thank you sir.

@CAAnoopBhatia 3 года назад

You are welcome

@13sjain 3 года назад

Thank you for the very informative video. Can you please help with 2 questions. (1) Do we need to pay advance tax on F&O gains if my other income is salary from a Pvt Ltd company (2) Do we need to pay advance tax on long term and short term capital gains from delivery based stock market transactions ? Thank you for your kind advice

@CAAnoopBhatia 3 года назад

Advance tax will be payable on F&O as well as Capital Gain income.

@ajitjha4807 Год назад

Sir, thanks for such a valuable information. Sir my doubt is, can we set off losses of other normal business from F&O incomes. Please suggest. Thanks a lot.

@nahyankhan7436 4 года назад

Great video. Sir, Please make a video on tax benefits for individual and Co. If they are trading in FnO. Thanks.

@CAAnoopBhatia 4 года назад

Thanks for kind appreciation. In my opinion and individual and HUF may claim benefit of slab rate taxation, chapter -VIA deduction against F&O income.

@paragdhomne2602 2 года назад

Very useful Sir .Thanks

@CAAnoopBhatia 2 года назад

Thanks.

@samridhikothari7492 4 года назад

Amazing content Sir ji👍 Thank you for sharing.

@CAAnoopBhatia 4 года назад

Thanks Samridhi.

@mangeram6384 3 года назад

नमस्कार सर 🙏🙏 सर मेरे 2019-20 के लेजर स्टेटमेंट में option turnover around 6करोड़, future turnover around 50 लाख दिखा रहा है, एवं future buy turnover around 27 लाख,future sell turnover around 26.5 लाख, option sell turnover around 110000, option buy turnover around 250000 दिखा रहा, pls बताए कि itr के लिए turnover कितना कैलकुलेट होगा ये अलग अलग turnover का क्या अर्थ है

@CAAnoopBhatia 3 года назад

Sir total turnover of all segments should be added in computing turnover for tax audit purposes.

@mangeram6384 3 года назад

@@CAAnoopBhatia thanks sir for reply 🙏🙏🙏🙏

@harshitpaun1040 3 года назад

very good and celar way of teaching thankyou sir

@CAAnoopBhatia 3 года назад

You are most welcome :)

@Atul7744 2 года назад

Nice information sir. Thank you 🙏

@CAAnoopBhatia 2 года назад

Welcome

@seemapatidar6567 2 года назад

Thanks you sir🙏

@manojexuberant 2 года назад

Very useful information sir ! thanks a lot. Can you please shade some more light on expenses in the p n l of FnO transactions. like you said . brokerage / employee etc. what other heads are allowed.

@surajjakhotia 2 года назад

Sir, Please guide whether depreciation & capital expenditure should be taken in column 44 of the audit report or not.

@CAAnoopBhatia 2 года назад

If you are computing business income on actual basis then depreciation may be claimed.

@sudhanshudixit646 4 месяца назад

Brilliant Sir...

@CAAnoopBhatia 3 месяца назад

Thanks.

@rtn4860 2 года назад

Trading is not my main business activity. First time only few transactions in F & 0 around 9 Lakh...and loss arising of 2 lakh .. Can I treated this as capital loss...and set off them from my STCG ???

@sekumadhu6241 Год назад

Thank you 🚩🙏

@CAAnoopBhatia Год назад

You’re welcome 😊

@prateekjain8493 4 года назад

Thank you sir.. if Turnover is less than 1cr then can be show profit less than 6% or loss (as actual) without getting books audited ?

@CAAnoopBhatia 4 года назад

Yes Prateek bhai in case of F&O transactions with 5% condition being satisfied you may avoid audit.

@ishugoyal3785 3 года назад

if you are under 44AD i.e showing f&o income under 44AD and your turnover is less than 1 crore and you are willing to show income less than 6%/8% you need to mandatorily maintain books and get your accounts audited