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Pay Less Tax on Trading in a Legal Way

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Dive into the basics of swing trading, understanding key strategies, risk management, and technical analysis. Whether you're a beginner or looking to refine your skills, this video has you covered. Start making informed decisions and maximizing your profits in the dynamic world of swing trading."

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22 авг 2024

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Комментарии : 217

@sakethr 5 месяцев назад

Correction: Business income for individual taxable as per tax slabs for individual

@Venkeys91 5 месяцев назад

Yes, thanks for the clarification . I had the same understanding.

@nikhil99a 5 месяцев назад

And Saketh comes under 30% slab 😅

@ateetbaliga9797 5 месяцев назад

What is considered as turnover or net taxable income in fno trading? Is it total traded turnover or net profit or loss?

@Bazigar_art07 5 месяцев назад

@@ateetbaliga9797 turnover = all your profits + all your losses. Yu can check with your broker also.

@trendsoffootball1949 5 месяцев назад

do some proper research and make video pls some one can see video and file without seeing the comment

@balakrishnannair5059 5 месяцев назад

The taxes charged by SEBI and exchanges has to be restricted only to profit making trades and not for loss incuring trades This is followed in all western country exchanges. Regarding IT your suggestions are excellent

@killendula 5 месяцев назад

Good info. After watching this presentation, I have the following query. Pl clarify the same. 1) Whether the brokerage, other charges and taxes levied for F & O trades can be treated as expenses. 2) In totality, if we get losses in F & O trades during the financial year, can it set off against other incomes such as interest income, rental income etc. or can be forwarded to next year (if it cannot be adjusted or taken off against other income) Requested to clarify with relevant sections. So that, it will be complete.

@nikhil99a 5 месяцев назад

1. Yes these can be claimed as expenses 2. No, you can only carry forward

@himanshujain3102 5 месяцев назад

Business Income under Individual is taxed as per slab. And not flat 30%. Flat 30% is for partnership.

@sevalaptop6946 5 месяцев назад

TRUE

@sakethr 5 месяцев назад

Yes. I have clarified it in the pinned comments

@premnarendhra163 5 месяцев назад

Dude This is a clear misdirection Please upload another video correcting this Otherwise you're just misdirecting viewers who'd think to pay 30% taxes on individual trading

@allanvictor584 5 месяцев назад

Thanks man. You are my share market guru.😅😅Keep posting nice content, and I appreciate your knowledge sharing and effort.

@sakethr 5 месяцев назад

Thanks a ton

@ArjunChavan55 5 месяцев назад

Thanks for the information. I have below few queries: 1) Do I need to get any audit done for the expenses and assets cost to be added? 2) As you mentioned about advance tax, is it applicable for loss making trader to show the loss? 3) What are the limits on Expenses, and on the Assets?

@shashank_jhajharia 5 месяцев назад

Presumptive taxation for F&O trading is a grey area right now. Reason: The method of calculation turnover prescribed by tax law is such that it will make your turnover in crores even for a small F&O trade. There is another school of thought were turnover calculation method is modified where u get a reasonable turnover value. However in any scenario you have to pay tax even u incurred a loss.

@srinivasbpos1993 5 месяцев назад

Awesome Video #Saketh... Much needed information especially during Financial Year End.. Keep up the great work... 👍👍😍😍

@sakethr 5 месяцев назад

Thank you sir

@FCASanjayBhagat 5 месяцев назад

@sakethr I got 3 mistake in your video. 1. 80C, 80D, etc are deductible from total income not only from salary. 2. Income tax return filling is only mandatory for the individual having total income more than basic exemption limit i. e. 2,50,000. 3. You have pinned.

@samaritan5197 5 месяцев назад

Please explain using Excel showing different scenerios related to P&L, BALANCE SHEET so that everyone one can understand. Anyhow thanks for the video...

@sateeshbhagwat3255 5 месяцев назад

Correction in my previous comment. Carried forward loss should be 8 lakhs and not 8.5 lakhs as mistakenly stated there.

@sundertalreja7208 5 месяцев назад

Please get your information varified by CA, it is not correct.

@nvijay1 5 месяцев назад

Which part?

@aniruddhsinhjadav4045 5 месяцев назад

Awesome, Now I just need to be profitable !!😂

@gmajit 5 месяцев назад

My CA said restaurant bills, flight tickets, Uber bills etc. cannot be shown under expenses unless it is really for a purpose connected with your business and can be proved if there is a scrutiny by income tax department. Same applies for salaries paid to maids, cooks etc. Hence I show a lumpsum amount as miscellaneous expenses to cover all these expenses.

@sakethr 5 месяцев назад

There are certain CA's don't support the opinion and some say it's ok it can be justified.

@ssebastian4725 5 месяцев назад

A heartfelt appreciation and applause 👏 🎉to you for making an invaluable video for the share market trading community! May you be blessed abundantly!

@mrashoksingh 5 месяцев назад

All the information is wrong regarding claiming food expenses and any other expense of personal nature this will lead to tax fraud

@ramborambo4310 5 месяцев назад

Interpretation bro. That's the word. Wake up to the world of reality. Showing it as client meetings expenses will be legal way of doing it. Grey area

@kanishkakumarsingh369 5 месяцев назад

Hey Saketh, just wanted to recheck with you on whether the expenses (like depreciation, Zomato, Ola) can be claimed under personal Income Tax Return? Since, I have seen other videos where people usually ask to create a Pvt Ltd or LLP to get these benefits.

@vigmanu1 5 месяцев назад

Nice video and lot of insights. Thanks 🙏 is this applicable only if I have a company or can be used even for an individual trader?

@sakethr 5 месяцев назад

Can be used for individual traders also

@Anoop_KC 5 месяцев назад

Great video! I hope we see more informative content like this in the future.

@sakethr 5 месяцев назад

Thanks a lot

@drmiteshpatel712 5 месяцев назад

Superb in simple language. You cleared my many doubts . Ty

@chandrashekarg4732 5 месяцев назад

Thanks for sharing the most valuable information about reducing taxes by claiming expenses.

@hariramramesh8756 4 месяца назад

@sakethr - What about home appliances such as Refrigerator? Can it be set off and what category would it fall under? The bill will be in my name of course

@sakethr 4 месяца назад

No it cannot be shown you use it for business or employee welfare. Specially if you are getting for home. But if you are getting for office you can

@hariramramesh8756 4 месяца назад

@@sakethrBy office I assume you mean a registered concern - LLC or partnership . But can't be set off against individual's income from F&O

@techc3965 5 месяцев назад

Very informative and you have covered each and every small detail

@sakethr 5 месяцев назад

Thank you

@daviddharamraj2088 5 месяцев назад

Very nice info Saketh.God Bless 💓.. Kudos to you .keep enlightening the trading community.🎉All the Best for a Great 2024-25...

@sakethr 5 месяцев назад

Thank you very much

@sateeshbhagwat3255 5 месяцев назад

I had a booked loss of say 6 lakhs for the year before taxes and brokerage. If taxes and brokerage are say 2lakhs. Then net loss carried forward should be 8.5 lakhs for the year. Is this statement correct? My CA does not agree with this. He says only 6 lakhs can be carried forward. Experts may please comment.

@Moon_Sekaran 5 месяцев назад

Good one at right time saketh. Need more clarity about advance tax. As a option seller, im in profit, how much i have to pay. What will happen if i have not pay advance tax? Pls clarify

@nikhil99a 5 месяцев назад

Add the option profit minus the expenses and pay tax as per your slab.... If you miss to pay advance tax, then you will need to pay interest on that amount till you file

@Moon_Sekaran 5 месяцев назад

@@nikhil99a Thank you so much

@Simbatom99 5 месяцев назад

Awesome information Saketh ji... truly your videos helps me.

@jainabhishek1987 5 месяцев назад

Very informative video, thanks for collecting all the information and making a detailed video on it. 😊

@nagumn007 4 месяца назад

Very nice

@ramkumaroooooo 5 месяцев назад

Good information.keep doing good work.

@sakethr 5 месяцев назад

Thanks a lot

@sanjayfarm 5 месяцев назад

As far as I know, the Tax is not 30% flat. Taxes on F&O income has to be paid according to the tax slabs of an individual. 30% flat tax is applicable if the trading account belongs to a company/partnership firm.

@sakethr 5 месяцев назад

Yes I have clarified that in pinned comments

@gibinjohn3644 5 месяцев назад

Superb!!! Very much informative Video.👏👍

@sakethr 5 месяцев назад

Thanks a lot

@SharkShank 5 месяцев назад

Fantastic information bro. God bless you 😊❤❤❤

@sakethr 5 месяцев назад

Thank you very much

@joyn7 5 месяцев назад

I was in need of this info. Thanks for Sharing

@tinarai2248 5 дней назад

Knowledgeable Video

@NeerajGupta-tq6od Месяц назад

Can these expenses like uber, zomato, fuel bill, sofa, car depreciation etc. can be claimed by individual as well or do you need to have some LLP or Pvt Ltd?

@yadalashowry9673 5 месяцев назад

Dear @saketh thanks for sharing good information for tax filing. could you please let me know how an NRI can file tax benefits?

@akak-km2tp 5 месяцев назад

Last year My CA from tax buddy said if there is FnO loss we can’t add up expenses to loss for individuals. Only for registered companies/partnership we can add expenses to loss. Is this correct or I need to change CA

@jagajjantri3307 5 месяцев назад

Good question. I added all expenses alongwith losses

@nagumn007 4 месяца назад

Thanks Saketh Ramakrishna ❤

@shashank_jhajharia 5 месяцев назад

Travelling expense as an employee benefit expense might be a problem if its over exaggerated

@SingleTakeYogi 5 месяцев назад

I wish you had shared this info that long term capital gains can be setoff against the F&O loss

@sakethr 5 месяцев назад

They cannot be

@SingleTakeYogi 5 месяцев назад

It can be. Please check other sources as well. Most folks lose money in F&O. This loss can be adjusted against the dividend and interest amount. I also see such losses can be adjusted against LTCG and STCG.

@richdotin 5 месяцев назад

Super clear. Thanks for the video.

@kumarswamyveeranna2219 5 месяцев назад

Thanks, it’s definitely a great information for taxpayers. What if user having two sources. One with regular salary and another with trading income. Are we still get the expanses taxes.

@govindrajanv5857 5 месяцев назад

Brilliant. Thanks a ton. What about house rent?

@tarakeshnc7417 5 месяцев назад

Please suggest your CA. Your guy really knows.. My CA did not allow internet bill as it can be used for personal purpose also. On presumptive income, it is 6% or actual whichever is higher.

@kevalkumar9694 5 месяцев назад

Thanks for inputs.

@sakethr 5 месяцев назад

Thank you

@kannanvcet 5 месяцев назад

Hi Saketh, i want to close F&O alltogether as I cannot concentrate on it fulltime and due to few other personal reasons. I have incurred loss for the current year. Can I offset it against STCG and interest and dividend income in current year and close the chapter once and for all? Thank you.

@W4D199 5 месяцев назад

Bro you really hit the main Target 🎯 Question 😊

@mohammadsumiyon7349 5 месяцев назад

Should we consider Gross profit/ or Net profit in F&O while filing tax?

@m_swastik 5 месяцев назад

Can we offset interest from bank deposit/savings account interest or stocks sold from portfolio against eachother ?

@Gamezone-c6p 5 месяцев назад

Make one video on short term and long term capital gain taxes on property.. Land.. Farm mutual funds and Stocks..

@Akki-bhau 3 месяца назад

Most of the expenses will not be allowed by CA.

@rajub5027 5 месяцев назад

Saketh my auditor would have none of those expenses like net, phone, CNBC tv hotel, food etc stating those expenses are mainly personal unless the expenses are segregated exactly the personal component and business component. Please check and confirm.thanks

@sureshbabu6153 5 месяцев назад

Thank you. Very useful video 🎉

@sakethr 5 месяцев назад

Thank you

@jordanfernandes4070 5 месяцев назад

How about opening a corporate account for trading what is your view on it ?? Other then getting all invoices can all miscellaneous expenses made through a credit card and pay the bill at one time amd show it as an expense

@johnshaji1941 5 месяцев назад

In case of lose within what duration need to show for ITR ?

@iFrozenSkull 5 месяцев назад

Can we claim these expenses as a salaried employee working full time and part as a part time trader? Let's say I made around 25k profit from F&O, can I claim the internet bills and other things related to trading? Also, this looks like a grey area, how will the tax authorities know if this is a business expense or personal expense/

@inspectorIntro Месяц назад

So basically every expense can be said as business expense…

@cars7359 20 дней назад

Great video

@prabirjana304 5 месяцев назад

Wrong all business income is taxable under tax slab not flat 30 percentage,

@RaghuJ 5 месяцев назад

Please guide us in the same way filing ITR 3 for individuals

@satvikjain1524 4 месяца назад

if i made a purchase in FY 2023-2024 can I declare those expense in profit of FY 2024-2025?

@W4D199 5 месяцев назад

Does Expenses Like Brokerages, sebi Taxes, Subscriptions of Fintarget Trading Automation Platform can be considered as Tax Deduction Elements??

@sakethr 5 месяцев назад

Yes

@W4D199 5 месяцев назад

@@sakethr 💕 Love You Bro 💯

@Ameen_mashoor 5 месяцев назад

Bro how ll effect the gap ups and downs for far otm option sellers like 1000 points far iam entwring in nifty friday selling 1000 point far strikes both ce and pe

@SurajSJagtap 5 месяцев назад

Thanks for helpful video 😊

@raghureddy6 5 месяцев назад

Saketh I need a detailed video recording corporate demat account. Can u please help me?

@manoj_1974 5 месяцев назад

Very Informative !!!🙂

@kiranarun1868 5 месяцев назад

Hi Saketh,Can i claim brokerage charges and other charges like stt etc?

@sakethr 5 месяцев назад

Yes it will be already included in your net profits

@rajuvala 5 месяцев назад

there is no compulson for 5 years presumptive tax

@mp6674 5 месяцев назад

I guess Bangalore has no proper CA who understands stock market taxation:/

@gopalakrishnannair5264 5 месяцев назад

Good Info. Thank you

@rahultokas9578 5 месяцев назад

What about stt and gst we pay on each transaction in trading ?

@sanatsahu 5 месяцев назад

Very nicely explained.

@priyanshunegi8555 5 месяцев назад

Great insightful video

@sakethr 5 месяцев назад

Thank you

@zoeticedits 5 месяцев назад

great knowledge 👌🙏

@dontfollowandrew3597 5 месяцев назад

Good info brother ❤

@88coolravi 5 месяцев назад

Hello Saket... why did u say that CAs dont prefer presumptive taxation when profit is 5-6 times compared to 6% profit declared, does it become illegal?...plz reply

@ramborambo4310 5 месяцев назад

Because you will be under scrutiny from IT dept

@anishgupta6260 5 месяцев назад

In case of option selling how do we find the turn over. For example if option sold for Nifty is 10/ will the turn over be 500/? or will it be nifty price * 50?

@jainabhishek1987 5 месяцев назад

In case of option selling or writing turn over will lot size multiply by premium. For ex Banknifty lot size is 15 and you sold 48000 call which is trading at 10 rs so turnover will be 15*10 = 150rs

@nageshaddepalli8240 5 месяцев назад

Turnover is the sum of difference between MOD(selling price and purchase price) multiplied by quantity sold. So basically it is the sum of all profits and losses without the negative sign.

@unnikrishnan_ravi 5 месяцев назад

@@jainabhishek1987 it is old method. Mr Nagesh is right.

@adinarayanayakkala9905 5 месяцев назад

You said that, if we file pressumptive tax in first year, we have to continue it for five years and pay tax as per first year. What we have to do, if we do not trade in second year at all? Do we still need to pay tax?

@rexspeaks 4 месяца назад

Bro then you won't have any turnover. Presumptive tax is based on turnover. So no tax.

@adinarayanayakkala9905 4 месяца назад

@@rexspeaks ok bro. Do you know any consultancies who can help in incorporation of companies for f&o trading purpose solely?

@marketwhizz21 5 месяцев назад

Thanks man ❤

@jagajjantri3307 5 месяцев назад

Can there be advance tax, if I'm in loss every quarter?

@girishhegde9123 4 месяца назад

Great content.

@abhisheklmehta 5 месяцев назад

Hi Saketh, what if someone has taken personal loan for trading? Does interest paid towards loan can be deducted from income?

@nikhil99a 5 месяцев назад

Yes that will come under expenses

@sakethr 5 месяцев назад

Yes it can be subtracted

@Nifty50Pro 5 месяцев назад

Could you please provide a list of expenses that we can claim legally if we I am an individual and living in a rented house and have only FNO income

@ramborambo4310 5 месяцев назад

Read my long post for clarity

@chandrakanthchowdary308 5 месяцев назад

Could short term capital gains considered as business income? And can we show all the expenses to exempt tax to a certain limit?

@rexspeaks 4 месяца назад

If the trading frequency is high, can consider as business. There are case histories online.

@abinashdash939 5 месяцев назад

The turnover has been changed to 3 cr from 2 cr

@Bazigar_art07 5 месяцев назад

Small question here: I have total loss of 1.5 lakh in F&O with Turnover 9.5 lakh. and my income is below 2.5 lakh. I do not want to carry forward my loss. Is it mandatory to file ITR?

@bgmiclips3059 5 месяцев назад

You can file ITR to carry forward losses which is beneficial if you do business afterwards to have set offs otherwise it's not mandatory in your case

@Bazigar_art07 5 месяцев назад

@@bgmiclips3059 appreciate your comment!!

@manjunathmg9104 5 месяцев назад

Please let me know how I can connect with you as I have few questions to discuss

@jdridesandreviews 5 месяцев назад

Should the expenses and bills be on the trading person name only or it can be on the spouse or family member name also?

@ramborambo4310 5 месяцев назад

Strictly trading person only

@chella.rbhagya2225 5 месяцев назад

Hi can we add maid servant expenses also

@praveenkumar-zt2pl 5 месяцев назад

Hi, if u have taken personal loans and used it for trading which is not recommended, can we show this in expenses. But no evidence to say its used for trading other than online transaction history

@ramborambo4310 5 месяцев назад

You have to show that the loan taken is used for trading. If yes then the intrest portion paid can be set off as expenses

@ravishankarbhat.s1860 5 месяцев назад

It's not ur cup of tea. You r struggling. Worst ever video from sanketh. Tax laws are not that easy. Don't mislead

@sumancapz6444 5 месяцев назад

Don't share some misleading information which leads to create more confusion...

@vidyuthshetty369 5 месяцев назад

@sumancapz6444 5 месяцев назад

@@vidyuthshetty369 income form business profession taxable at individual slab rate. Not flat 30%. U/s 80 deduction applicable on total incom except capital gain. U/s 44 have lot more clauses which you are not cover.

@sakethr 5 месяцев назад

Yes I have clarified regarding the tax rate in the pinned comments. Yes sec 44 have many more clauses hence I said certain CA's recommend it and some of them dont