For set off and carry forward of losses It's 8 years sir. MAT has been slashed to 15% recently in September sir. You can take profits out of the company as managerial remuneration sir. There is one more method for computation of taxes for F&O Income sir. This applies for people whose turnover is up to 2 crores. This is a presumptive scheme comes under section 44 AD of Income Tax act 1961. In this method your income will be 6% of your turnover and on this income we have to compute slab rates ad assess our tax. Here turnover is the premium which you have collected sir. This method under section 44 AD is the most beneficial tax planning sir.
I was very impressed with your answer ! I had never thought of linking 44AD with F&O income ! However, if you ever get caught up in a scrutiny you'll have to justify expenses for more than 94% (100%-6%) of your income. Failure to do so will attract a tax rate as deemed fit by the AO. (Although no books of accounts are to be maintained under 44AD, your bank account is still considered for calculating income and expenses). You can challenge the AO's order but that is a very long and tedious job !
@@pawanjaiswal1155 For all the options you sell and are in your favour the premium itself considered as Turnover Whereas if you buy options the difference of buy value and sell value will be your turnover.
Very insightful information sir, after paying also we won't get such a great information. Hats off to you sir. Appreciate your efforts. Keep up the good work. Thanks
I have searched for this topic in many places in internet, But no one else have elaborated in such detail like you sir. Thankyou so much for sharing your knowledge with us. We everyone have huge respect on you. Keep posting more videos. I am Subash, one of your fan follower.
I am into trading business for the first time, As i made profit and wanted to pay tax but it was very confusing sir. But now i am very much clear with your explanations. Your trading tips and tricks really helped me achieving my profit. I wish to have you as my mentor sir. Thankyou so much for all your contributions to us via this channel.
Very well explained. Clarity of mind and very good diction makes watching your videos enjoyable. I’m not making profit but was interested in hearing what you have to say. Cheers!
Many thanks, I been tryin to find out about "can i make a living trading options?" for a while now, and I think this has helped. Have you heard people talk about - Eeyarah Mysterious Eradicator - (do a google search ) ? It is a smashing one of a kind guide for discovering how to unlock an effective options trading method to win fast minus the hard work. Ive heard some unbelievable things about it and my cousin got cool success with it.
Thank you so much for the video about taxation. Since many years I waited for this clarifications about taxation from someone. Thank you so much for your sharing
Cash Market 1. Share - Sold below 1yr - short term capital gain tax which is 15% of your profit.. 2. Share Sold above one year -Long term capital gain tax -10% profit exceeding 1 lakh Future Market Income earned in futures n options is considered as business income
Sir Sorry to say this Don't judge a book by its cover Just I realize now with your video Superb explain. I got suggestions of your videos many times buy i didn't watch. Sorry sir From now i have changed my mind.👍👍👍
Several times you have recommended to trade in index options only, and not in stock options. The reason given was some difficulties in settling of stocks. Kindly advise what kind of difficulties may be experienced. Thanks.
1. Stock options can be manipulative and mismanaged unlike index which are weighted averages. 2. You need high margins for stock options selling and buying too. Which increases nearer to expiry 3. I think in stock options you have to square off the position before expiry, in case of no opposite party you will forced to exercise the option which means you need to buy or sell the full lot of shares from the market.
Everyone must write the word only after any amount in check, be it Rs. 100 or Rs, 10,00,000. The word only has mighty value. And, for people like P.R. Sundar Sir - Rs. 10 lakh is just minor amount to him, not a grand amount. And, last by not least - the term is lakh not lack.
This is for a salaried employee,he has made a F&O loss of Rs 889982 on a Derivative Turnover of Rs 16655803,Does the employee require a CA Tax Audit for filing the ITR?
Sir, I like add one point that is F&O trader earn profit and loss is considered his turnover (i.e- total Profit Rs.25000+total loss 15000 his total turnover is 40,000/- then up to 2 crores we declared 6% profit as per u/s 44AD.
Always show your correct income in your ITR otherwise one day you will be in trouble. Some how INCOME TAX AUTHORITY will find your income either from your brokerage house data or from your bank account data.
Fantastic video.. thank you.. just a suggestion.. please see if you display key numbers on the screen when you are talking.. like flashing numbers of cash market tax rates short term..long term.. it might make the video more engaging
This videos is incomplete. I recently came to know about turnover tax, Need to audit the books etc. If the turnover was above 2 cr. calculations of turnover method which is not same like to to total sales etc.can you make a video on that
Excellent explanation on taxation of trading income. Please also make a video on calculation of TURNOVER for Intraday, F&O, Delivery. Audit report under Income Tax is necessary if it exceeds the turnover.
Sir though you said it's family company. How're you withdrawing profits for your needs (Salary/Managerial Remuneration/Dividend)? Also for Trading in what category it comes like Investment company (Private). Expecting your reply.
Sir Today you are correctly said no one take profit in stock Markets. Also you but how you show profit every time. It's is NOT TRUE I am correct or Not??? BUT its 100% Correct No one profits taken in share market
Very nicely explained Sir. Have a question and I'm sure a lot of retail traders would have the same- For cases where people already are paying income tax as individuals. How do we go about paying taxes- is it to be included with the ITR we file or is there a separate process?
I have three question 1, my long term profit 98000 Rs and i am Salaried person my income per year 6 lakhs so can i IT filling 6 lakhs or 698000 2, divitend per year above 5000 rs in single stock or 3 to 5 stocks above 5000 rs eligible for tax (infy- 2000rs, Tcs-1500 rs, ITC-1500 rs) 3,if I am getting profit LTG Or STG profit amount hold in my demand account without my bank account transfer and i invest same day new stocks purchase whole money it's eligible for Tax Please answer my question.
Quick question - STT, brokerage, stamp duty are included in payed taxes? Let's say if I have to pay 1 Lakhs tax and my brokerage, STT and stamp duty charges are 20K then should I pay only 80K or full 1 Lakh?
Very good explanation sir, you are a born teacher..I kindly request you to make videos on options series , strategy, and how to save the capital first than losing
Sir please make a video on how much our money will safe in trading account like zerodha and Upstox because I have a doubt on this particular topic. Please given clarity on this with short note of video plz🙏🙏🙏
Very informative video. I have a question if you can answer it? My mom’s annual income: 120000(pension), short-term capital gains(195000). Do she needs to pay tax? Will there be 15% tax on capital gains? She has never filed any ITR before. I am using her credential to invest in stocks.
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?
The covid-19 global pandemic shut many financial institutions from functioning thereby rendering most people jobless & investors lost more than they ever thought of losing.
Nice to know that I belong to that 1%. I don't deal with F&O. Please clarify on profits made from short-term equities. I am a salaried person retiring this November. Thank you.
sir, you know 99% of people loose money in stock market as you mentioned and rest 1% wont come here and watch your youtube videos, so instead of taking the examples of 5 crore consider the 99% scenarios ex: 5-10 lakh etc....anyway thanks for your time
Even after watching most trading videos i was still finding it hard to earn,I almost never thought it was ever possible to earn until i got my first profit through Erin
I can only share what works for me,I invest with pro trader Erin and i get good profit in return,she is a licensed broker con tact her she’ll help you earn
Sir ther is one more way you can trade, ie using HUF account which will be treated as a separate it file. But again this benefit is For Hindu individuals.
![[UNCUT] The Loyal Pin ปิ่นภักดิ์ EP.15 (1/4)](http://i.ytimg.com/vi/TLBjiHvkKtE/mqdefault.jpg)
After introducing STT , there is no need for capital gains tax.
Govt must be generous to give up personal income tax.
I will happy to receive income tax notice if I had profit, I will frame that notice in my house to show my fellow traders that I made profit
But u can stil receive notice even when you are in net loss but did not file ur tax returns...only after filing u can claim that u are in net loss
Worth is hidden
Making it look simple is the mark of masters. Whatever you explain பசு மரத்து ஆணி போல உள்ளத்தில் பதிக்கிறது, Thank you sir.
For set off and carry forward of losses It's 8 years sir. MAT has been slashed to 15% recently in September sir. You can take profits out of the company as managerial remuneration sir. There is one more method for computation of taxes for F&O Income sir. This applies for people whose turnover is up to 2 crores. This is a presumptive scheme comes under section 44 AD of Income Tax act 1961. In this method your income will be 6% of your turnover and on this income we have to compute slab rates ad assess our tax. Here turnover is the premium which you have collected sir. This method under section 44 AD is the most beneficial tax planning sir.
Great idea
I was very impressed with your answer ! I had never thought of linking 44AD with F&O income !
However, if you ever get caught up in a scrutiny you'll have to justify expenses for more than 94% (100%-6%) of your income. Failure to do so will attract a tax rate as deemed fit by the AO. (Although no books of accounts are to be maintained under 44AD, your bank account is still considered for calculating income and expenses). You can challenge the AO's order but that is a very long and tedious job !
@@kirman619Can you please reply, how expense % of total profit as expense would be safer to show if using 44AD taxation,
Thanks for your reply
I think premium is not considered as turnover.. please recheck
@@pawanjaiswal1155 For all the options you sell and are in your favour the premium itself considered as Turnover Whereas if you buy options the difference of buy value and sell value will be your turnover.
Sir,Your personality is similar to a very Good mathematics teacher..
He was a mathematics teacher in singapore
Points are crystal clear, to the point, this adds edge to sir's youtube channel.
Obliged sir
Very insightful information sir, after paying also we won't get such a great information. Hats off to you sir. Appreciate your efforts. Keep up the good work. Thanks
I laughed long time ,make profits first and then think about TAX,
I trade from long time and never make profits for complete FY
Individual investors are better to invest in mutual funds,
@@JKInvestments even mutual funds makes loss.
how ?? Then we cant learn and make profit trading even after years of experience?? ..... what about 15% month from trading??
@@kiran-yz8io No one earns from trading. Stop becoming fools focus on your job
@@singhss2820 ya man i made mistake by leavinv job 2 years back ... now i became lazy and lost lots of money 3 lacks in 2 years
I have searched for this topic in many places in internet, But no one else have elaborated in such detail like you sir. Thankyou so much for sharing your knowledge with us. We everyone have huge respect on you. Keep posting more videos. I am Subash, one of your fan follower.
I am into trading business for the first time, As i made profit and wanted to pay tax but it was very confusing sir. But now i am very much clear with your explanations. Your trading tips and tricks really helped me achieving my profit. I wish to have you as my mentor sir. Thankyou so much for all your contributions to us via this channel.
I am really sorry for spamming this comment section sir, I really don't knw how to express my gratitude.
I have been searching for this type of descriptive and useful content on taxation. Thank you Sir for providing it. Makes it very clear 👌🏼🙂
This video has brought out the Teacher in you. Thanks for explaining in a layman's language.
Thanks for switching back to old setup, voice and presentation is very clear. Good information as well.
Most needed video. You are real gem, knowledgeable still humble.
Very well explained. Clarity of mind and very good diction makes watching your videos enjoyable. I’m not making profit but was interested in hearing what you have to say. Cheers!
Where is Gain to pay taxes sir?? 😂😛
Super
Many thanks, I been tryin to find out about "can i make a living trading options?" for a while now, and I think this has helped. Have you heard people talk about - Eeyarah Mysterious Eradicator - (do a google search ) ? It is a smashing one of a kind guide for discovering how to unlock an effective options trading method to win fast minus the hard work. Ive heard some unbelievable things about it and my cousin got cool success with it.
True 🏃🏃🏃🏃🏃🏃🏃🏃hai
You gain respect from it officials
Not always. Asper IT act, you pay tax on expense too😂😂
Easiest and comprehensive explanation of such a difficult subject in such fluidity , respect to the excellence of your teaching instinct. .. 🙏🙏
அருமையான விளக்கம்..this I am searching for long time
Had been looking for this information since long time. Thanks for this useful information which has been explained in the simplest way.
Explained very Clearly, Just like a good Teacher. Thanks
Thank you so much for the video about taxation. Since many years I waited for this clarifications about taxation from someone. Thank you so much for your sharing
Cash Market
1. Share - Sold below 1yr - short term capital gain tax which is 15% of your profit..
2. Share Sold above one year -Long term capital gain tax -10% profit exceeding 1 lakh
Future Market
Income earned in futures n options is considered as business income
commoditiy tax?
Very helpful video sir. Please share your knowledge in the basics of F&O.
Excellent presentation. Thank you so much Mr.Sundar.
Sir
Sorry to say this
Don't judge a book by its cover
Just I realize now with your video
Superb explain.
I got suggestions of your videos many times buy i didn't watch.
Sorry sir
From now i have changed my mind.👍👍👍
Very informative video, Thanks for clarifying taxation part
Several times you have recommended to trade in index options only, and not in stock options. The reason given was some difficulties in settling of stocks. Kindly advise what kind of difficulties may be experienced. Thanks.
1. Stock options can be manipulative and mismanaged unlike index which are weighted averages.
2. You need high margins for stock options selling and buying too. Which increases nearer to expiry
3. I think in stock options you have to square off the position before expiry, in case of no opposite party you will forced to exercise the option which means you need to buy or sell the full lot of shares from the market.
very useful , insightful information, this much clarity we won't get. Appreciate your openness to share. Keep up the good work. Thanks
Highly informative video, one of the best! Thank you so much. Long live PR SUNDAR.
PRS " The First trader paid tax... " 😍😄
Really enjoyed....
Thanks alot sir! Setting up a family company right away!!
If ur profit is “only” 10 lack. Dat dialogue is funny 😂 sir
Everyone must write the word only after any amount in check, be it Rs. 100 or Rs, 10,00,000. The word only has mighty value. And, for people like P.R. Sundar Sir - Rs. 10 lakh is just minor amount to him, not a grand amount.
And, last by not least - the term is lakh not lack.
Excellent speech. Thanks for sharing your knowledge and experience.
Good clear explanation . Better than any CA.
Clear explanation. Thank you sir
This is for a salaried employee,he has made a F&O loss of Rs 889982 on a Derivative Turnover of Rs 16655803,Does the employee require a CA Tax Audit for filing the ITR?
Did you go for audit????
Sir, I like add one point that is F&O trader earn profit and loss is considered his turnover (i.e- total Profit Rs.25000+total loss 15000 his total turnover is 40,000/- then up to 2 crores we declared 6% profit as per u/s 44AD.
For those people who get income from trading as secondary source of income , what do you suggest sir?
Always show your correct income in your ITR otherwise one day you will be in trouble. Some how INCOME TAX AUTHORITY will find your income either from your brokerage house data or from your bank account data.
Look at the detailed comment i have given for this video. Hope that will clear you doubt, otherwise reply i will clear your doubt.
Fantastic video.. thank you.. just a suggestion.. please see if you display key numbers on the screen when you are talking.. like flashing numbers of cash market tax rates short term..long term.. it might make the video more engaging
I am in minus from when I started still watching it...
Himanshu how many years u r trading sir...
And today after 7 months?
Sir, thanks for listening to feedback, today video was best, loads of good info clearly explained, god bless you sir
Thanks for the clarification. Good work.
Thank u sir! Very much informative and very easy to understand at first time itself
I knew it your accent was tamil and i found your other channel. Great content sir I'm following you for more knowledge
Very good, informative and summarized. Thank you sir.
The only good thing about losses is that you don’t have to pay taxes 🤣😆🤣
99 percent of traders loose money in market
So no point of talking about tax
I expected a thug life music in baground
lol
😃😃
🤣🤣🤣🤣
Mr too ,this guy is lucky
@Deep vlogs 19 lakhs me
Thanks a lot sir. Taxation you tube is of great help and really eye opener for many of us.
Thanks for this information. Now i understand this properly.
Simple and super detailed information as usual... Thanks a lot for all the information...
Sir u r helping traders community...... by sharing u r knowledge and u r experience... thank u
This videos is incomplete. I recently came to know about turnover tax, Need to audit the books etc. If the turnover was above 2 cr. calculations of turnover method which is not same like to to total sales etc.can you make a video on that
Very important topic thank you Sir for explaining the insights.. 🙏🙏🙏🙏🙏🙏🙏
Sir bahut badiya knowledge video hai .thnk u so much for such information
I am seeing your videos regularly. Thank you.
Sir, many many thanks for this video and its great knowledge.
Thank you so much for the clarification.
Superb! Very useful information for me. Thank you.
Great explaination. I am tired of paying the 15%. Hope this will be decreased.
Very knowledgeable explanation. Thank You.
Excellent explanation on taxation of trading income. Please also make a video on calculation of TURNOVER for Intraday, F&O, Delivery. Audit report under Income Tax is necessary if it exceeds the turnover.
Great information, like the way you have covered all aspects of trading company also.
Nice info .can you also suggest when audit is mandatory in f&o trading .
Sir though you said it's family company. How're you withdrawing profits for your needs (Salary/Managerial Remuneration/Dividend)? Also for Trading in what category it comes like Investment company (Private). Expecting your reply.
Sir Today you are correctly said no one take profit in stock Markets. Also you but how you show profit every time. It's is NOT TRUE I am correct or Not??? BUT its 100% Correct No one profits taken in share market
Very nicely explained Sir. Have a question and I'm sure a lot of retail traders would have the same- For cases where people already are paying income tax as individuals. How do we go about paying taxes- is it to be included with the ITR we file or is there a separate process?
I do have this same doubt ...pl clarify sir
Thank you so much sir for such a valuable information.
Very Useful video Sir 🙏👏 , Thanks Sir for making video on Taxation.
I have three question
1, my long term profit 98000 Rs and i am Salaried person my income per year 6 lakhs so can i IT filling 6 lakhs or 698000
2, divitend per year above 5000 rs in single stock or 3 to 5 stocks above 5000 rs eligible for tax (infy- 2000rs, Tcs-1500 rs, ITC-1500 rs)
3,if I am getting profit LTG Or STG profit amount hold in my demand account without my bank account transfer and i invest same day new stocks purchase whole money it's eligible for Tax
Please answer my question.
Nicely explained thumbs up !!!!
Really good video sir.. Thanks for taking time out to make it.. Appreciate it..
Very crystal clear explanation about taxation..thank you so much sir..
Quick question - STT, brokerage, stamp duty are included in payed taxes? Let's say if I have to pay 1 Lakhs tax and my brokerage, STT and stamp duty charges are 20K then should I pay only 80K or full 1 Lakh?
One lakh
@@deepaktandon894 thanks
Tax bharo aur maro
Sir, a very informative video. Great Work.
Thank u sir, u r only person cleared my doubt...
also a auditor not told all these things like you sir.thank you .
Very good explanation sir, you are a born teacher..I kindly request you to make videos on options series , strategy, and how to save the capital first than losing
99 percent traders lose money but 99 percent long term investors make money. By Warren Buffett
Thank you Sir! God Bless You!!👍👌💐😇
Awesome sir, thank you so much sir...
Great information thanks..!! Searching for a long time.
Sir please make a video on how much our money will safe in trading account like zerodha and Upstox because I have a doubt on this particular topic. Please given clarity on this with short note of video plz🙏🙏🙏
Very informative video. I have a question if you can answer it?
My mom’s annual income: 120000(pension), short-term capital gains(195000).
Do she needs to pay tax? Will there be 15% tax on capital gains?
She has never filed any ITR before. I am using her credential to invest in stocks.
You explained everything in simple words, thanks sir.
Sir please tell in which year you joined full time in share market and how much was investment?
Sir please reply
Amazing information sir!
Thank you !!!
Sir please give some knowledge on options how do you trade on options weekly or monthly. It would be really really helpful 🙏🙏🙏
Thank u very much sir for clearing this doubt
Beautifully explained sir, thank you 😊
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?
Sir you are encyclopaedia of Market info..... Thank you sir
all experts tell buy this sell this buy Mr Sundar tells every aspect of atock market 👍👍👍👍
Very good video 👍🏼 Useful information.
Thanks for lot of information about taxation for trading community 🙏🏿
The covid-19 global pandemic shut many financial institutions from functioning thereby rendering most people jobless & investors lost more than they ever thought of losing.
Greetings from London. I'm so happy taking the bold step investing $800 with expert Mrs Anna Hamilton. Got my payout this morning
Forex trading has left me no choice but to keep investing because it makes so much profit for me
Expert Mrs Anna Hamilton is really changing the world, she has really made name for herself.
Growing an account requires dedication and patience
As a trader,it's almost inevitable that you're not going to experience some ups and downs along the way trading by yourself
Informative Video. I can pay for this information rather than your training webinar.
thankyou very very much
Nice to know that I belong to that 1%. I don't deal with F&O. Please clarify on profits made from short-term equities. I am a salaried person retiring this November. Thank you.
sir, you know 99% of people loose money in stock market as you mentioned and rest 1% wont come here and watch your youtube videos, so instead of taking the examples of 5 crore consider the 99% scenarios ex: 5-10 lakh etc....anyway thanks for your time
Even after watching most trading videos i was still finding it hard to earn,I almost never thought it was ever possible to earn until i got my first profit through Erin
I have watched lots of trading videos and still yet to earn,How did you do it? Share mate
I can only share what works for me,I invest with pro trader Erin and i get good profit in return,she is a licensed broker con tact her she’ll help you earn
Erinsawtell1 @ g m a i l , T e l e gram Erinsawtell1
Thats my trader right there,The best I ever came across what amazes me most is that I haven’t lost a single trade over 8 months of trading with her
I hope you aren't kidding, Erin is not reliable at all. I lost 10k dollars overnight coz I believed him. Stop misleading people
Sir ther is one more way you can trade, ie using HUF account which will be treated as a separate it file.
But again this benefit is For Hindu individuals.