How to Report Intraday and F&O Loss in ITR for AY 2024-25

How to Report Intraday and F&O Loss in ITR for AY 2024-25 | Latest Process Explained

Рет қаралды 26,078

Күн бұрын

In this video, we discuss how to report intraday loss and futures and options (F&O) loss in the Income Tax Return (ITR) for the Assessment Year (AY) 2024-25. We cover the latest process and explain the complete computation for such cases. Stay tuned to ensure your ITR filing is accurate and up-to-date with the latest guidelines.
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Video Timeline
0:00 Intro to Topic
0:50 Zerodha PnL Analysis
1:36 Tax Audit applicability in case of FnO loss
7:00 Set off and carry forward of losses in income tax
13:15 Income Tax computation for FnO Loss
17:53 PnL Account for FnO Loss
25:54 Balance sheet for FnL Loss
28:34 Computation of Total Income
31:19 ITR Filing for AY 2024-25 FnO Loss
53:26 Outro

Пікірлер: 107

@FinTaxPro 13 күн бұрын

FOR ITR Filing, connect at 9718097735 or email us info@fintaxpro.in

@ankitprajapat27 6 минут бұрын

@@FinTaxPro Hi can you please share ITR computation file, Thanks

@suman5732 Күн бұрын

Perfect explanation Sir. Detailed explanation provided in the video.

@saptarshideb9725 Күн бұрын

tumko mera hardik payer bhora namaoskar, 🙏🙏🙏🙏🙏 pichle saal hi subscribe kar chuka, not only informative most helpful for those who already made loss in f&o agli saal to zerodha me quicko se kar diya tha, lekin is saal to zerodha and dhan kahi pe v quicko nehi hei isliye e vdo bahut help karegi, ap nehi hota to aur jada kharcha aa jata. 🙏🙏🙏🙏🙏

@gauravmore762 Ай бұрын

Much awaited learning. Thank you 🙏🙏🙏

@pankajnahar77 18 күн бұрын

How beautifully you explain the points... thank you.

@prashanth-gpt1575 14 күн бұрын

Very clearly and neatly Explained, Thank sir

@Sushil_D 15 күн бұрын

Awesome!!! Nicely explained with details and professional approach. Thank you :)

@Nisha_A_P Күн бұрын

Thank you so much for such a detailed information

@vaibhawkumar2312 26 күн бұрын

Very well explained...thanks

@gotenderveersingh9277 15 күн бұрын

bhai i dont know how is it possible for u to do this such detailed and awesome video truly respect bro

@goodfriends1 17 күн бұрын

Thank you so much Sir Ji. Great and detailed video.

@kingfishir 24 күн бұрын

Excellent Video sir God bless u

@nareshgohel1806 22 күн бұрын

Supurb, super dupper,excellent and informative lecture ❤ you sirji God bless you 👌👍🙏

@user-bu5gj5wg6h 13 күн бұрын

AMZAING VIDEO SIR,THANK YOU VERY MUCH

@lokeshdevadiga141 Ай бұрын

Details video sir Tq very much..

@gauravmore762 Ай бұрын

Thank you very much 🙏🙏🙏

@Getreadysoon 4 күн бұрын

Excellent explanation. 🎉🎉 thank you so much. Subscribed 🙏

@surajsachdeva7607 Ай бұрын

Thank you Sir

@takoliaashish1996 17 күн бұрын

Super explanation

@datosifdeshmukh2150 4 күн бұрын

Very Helpful video sir

@Fnoscalper 7 күн бұрын

Very good video, very helpful

@rishabhgupta624 Ай бұрын

Maza aagaya sir

@mohansontiyal3830 Ай бұрын

So tnx sir

@rajatchaurasia3796 Күн бұрын

Loved your explanation but could not find the excel sheet. Could you please provide the computation excel sheet.

@ramankannusamy8479 4 күн бұрын

Dear Sir, Your explanation very impressive, I need file to ITR through your guides. Please advise how to take it forward

@chintankareliya5434 Ай бұрын

I have my regular business income u/s 44AD, and also having loss under intraday & FnO. Should i select option 44AD in ITR- 3??

@nayakbiranchinarayan Ай бұрын

Good Evening. Very much informative. Can I get excel sheet for dommy Tax computations

@binoysaraff7024 23 күн бұрын

Another confirmation please- In ITR3 under schedule balance sheet, we provide only business related details. We do not include details such as personal liabilities, personal asset like house, ornaments etc. Am I right?

@shyamsundarkuruma5586 3 күн бұрын

Hi how to show TDS paid on FD intrest in ITR3

@binoysaraff7024 23 күн бұрын

In ITR3 under schedule Profit and loss account, we provide only business related details. We do not include savings account interest, dividend income etc. Am I right?

@hardipkataria 9 күн бұрын

@FinTaxPro From where we can get the excel template that is used in the video?

@vimalarora8857 9 күн бұрын

Your presentation, content and explaning matter is excellent. Thanks Vivek. I have one issue may I call you in some while

@swapnilmahajan2191 20 сағат бұрын

Sir f n o turnovers calculation me agar loss hai to absulate profit plus sales value liya jata hai na?

@komalagarwal9665 21 күн бұрын

Can loss from house property be adjust from long term capital gain on sale of property

@saheelsalmon8313 7 күн бұрын

Very very helpful video. Beautifully explained. A small suggestion:- cutting down on repetitions would efficiently manage screen time and video length and help in furtherance of captive audience. The session is otherwise lucid and praiseworthy. Godspeed and great luck.

@FinTaxPro 7 күн бұрын

Thanks for feedback.

@incometax7145 Ай бұрын

Very much helped sir I have one question sir. If a person filing itr 4 and after some time he starts in investing in F and O and incurred loss. To kya agar vo itr 3 file krega to audit krvana hoga agar turnover 1 crore se kam ho?

@adasrhdashore1788 Ай бұрын

sir aap school jo society ya trust run karte hain unka audit aur unka income tax main rules kya hain us par video bana sakte hann kya

@gotenderveersingh9277 15 күн бұрын

sir i cant find link to computation sheet in description pls help

@Hari_Madakari 5 күн бұрын

How do u differentiate intraday loss and fno loss

@parthjobanputra9687 3 күн бұрын

Sir Why isn't the SPECULATION LOSS seen anywhere in the computation while carry forwarding of losses?

@JoshileCSCCentre 12 күн бұрын

Sir filling the ITR3 with presumptive income and dividend income and got the error In Schedule OS/ Schedule EI, the amount of dividend income mentioned is cannot be more than the dividend income reduced from Schedule BP;#;Kindly ensure that dividend income mentioned in schedule OS or schedule EI should be equal to dividend income reduced from Schedule BP. please give solution

@ovouv 13 күн бұрын

Hello Sir, 1 Question hai pls reply me. Mere AIS form me "Purchase of Time Deposit (SFT-005)" show kr rha hai aur Bank account bhi mere father ka SBI show kr rha hai. Ye FD mere father ke account me hai to mere AIS form ye kyu show ho raha hai? Mere father apni ITR proper file krte hai. Kya mujhe bhi is regarding apni ITR me show krna chahiye ya me normally apni ITR jaise file krta hu waise hi kru ? Thank you so much.

@mayankpatel832 8 күн бұрын

If in current year i have income from STCG, LTCG, & FnO and previous year i had loss in FnO. when i brought forward those FnO losses this year they will be adjusted against which income ????? because when i do so losses are adjusted just against FnO income of this year only automatically in ITD portal. Remaining losses are Carry Forwarded for next year. But you said that FnO losses can be adjusted against any income except salary. please clarify .

@SaiHariOmLaundry-gi3wo 18 күн бұрын

Sir, I have queries please solve, In 44ad 8% or 6% se profit less show Kiya(hua) to tax audit required hota h, but kya hum turnover less show kar sakte h ??? Example, last year show 25000 turnover ,this year no business only show 2000 show as turnover ,it is applicable or no, is there any issues????

@MrDakshVerma Ай бұрын

Sir gst mei turnover galat ah rha h 31may ko update karna bhul gya kya kare please reply

@shahanshahali806 Ай бұрын

Sir, do you provide service also?

@bajranglaljat6322 16 күн бұрын

Sir mene P. Y me 44AD Opt kiya tha Or is F. Y Me Meri Share market se Loss hai To konse itr form fill karna hoga

@nachiketjoshi8466 14 күн бұрын

Have some queries regarding some transaction How to reach out?

@arijitnag1502 15 күн бұрын

FNO me conveyance or Furl charge ko kaise justify kare if I get the notice, please help

@kamalrawat7972 16 күн бұрын

but F&O ki turnover toh report he nahi hue form mai

@techandtaaza 3 күн бұрын

Very nice observation, and correct

@techandtaaza 3 күн бұрын

😊

@saumyasandip6753 18 күн бұрын

Sir fno loss to set off hogaya, carry forward loss ki jagah 0 dikha raha he, loss carry forward hoga ki nehi 8years tak

@shailendrayadav-uy3gb 27 күн бұрын

i have filled cfl and it is howing 483000 loss total in cfl but nothing is appearing in BFLA..please help

@Hari_Madakari 14 күн бұрын

How to calculate options buying intraday turnover

@Enigma_Warrior 26 күн бұрын

SIR, IF I HAVE OCCURED LOSSES IN PAST FY AND HAVEN'T FILED THEM TILL LAST YEAR , COULD I FILE THEM IN THIS YEAR FY ITR FILING

@shikharshukla3988 14 күн бұрын

Does the same process is applicable for NRI for his F&O income??....please reply sir

@rahulrajendran6141 11 күн бұрын

Really thankful for the video

@jitenderpanday-tf3bm 25 күн бұрын

Intraday including equity intraday and Option intraday or only equity intraday ????? pls clear

@MadhusudanSharma-zz4nb Ай бұрын

i have send my reports and all the needed documents to rajat sir it will be a good example for all the participants to learn how to file swing and intraday trading as pgb how to carryforward or setoff loss i have paid the fees and name is akhilesh please make a video on it

@gk3928 2 сағат бұрын

Sir agar loss 40 k hai toh kon sa ITR file karu

@aaishakhan2892 6 күн бұрын

If commission pay kiya hai kisi person ko options trading k liye. Us expenses ka kya karna hai??? @16.56

@idkmax5977 5 сағат бұрын

sir please provide links of the excel sheets for all accounts

@rajabanerjee891 Ай бұрын

ITR 4 SE ITR 3 SHIFT KIYA 2 SAL HUYA, NORMAL BUSINESS AVI CLOSE KAR DIYA HU. FY 23-24 ME SHIFT INTRADAY ME LOSS HAI 182.50 AND TURNOVER RS. 245.45. F&O NEI KARTA HU, PGBP AUR KHUCH VI NEHI HAI. PL. YE BATAIYE ISKO VI LIYE KEYA 44AD CLAUSE APPLY HOGA. IYA TOTAL IGNORE KARU, LOSS ITR ME SHOW NEHU KARU.

@anisgodil264 20 күн бұрын

what about FNO turnover, You have not fill FNO turn in this form.

@baraiyaharesh3708 21 күн бұрын

Sir balance sheet excel sheet nahi mil raha

@satishkumar-tl8zz Ай бұрын

Sir, my part time professional income is 1.50 lakh(in this tds deducted 10%) and F&O loss is 1.30 Lakh, can i forward complete F&O losses for future without adjusting professional income in ITR.

@AmitKumar-mc5bt 4 күн бұрын

very very Thankful to your efforts Sir. I am facing following error while submitting ITR 3 (in maintaining book of account case) -: "In Schedule OS/ Schedule EI, the amount of dividend income mentioned is cannot be more than the dividend income reduced from Schedule BP;#;Kindly ensure that dividend income mentioned in schedule OS or schedule EI should be equal to dividend income reduced from Schedule BP." Is anyone facing the same problem? kindly help me out to resolve this.

@SuperGuideInformationBroadway 13 күн бұрын

Kindly provide excel format for computation

@MADEFORTRADE1 17 күн бұрын

Can anyone please guide I have started doing F&O trades from April 2024 I have never opt for 44ad My profit trade is 2.75 lakhs My loss trade is 3.03 lakhs If i am correct my turnover calculation should be 5.78 lakhs right? If so then am i suppose to fill itr? And I don't plan on continuing F&O trade from now on.. as i decided to quit.. so should i fill itr or not? Please guide

@karwashiv Ай бұрын

F&O turnover more then 2 cr also income from tax profession 300000 is their liability to take gst registration

@darshanpanchal1077 10 күн бұрын

Plz provide the excel sheet of Pnl and Computation used in these video in your telegram channel

@MYGROWW-ld2cd Ай бұрын

Sir Fno Ka Turnover Kha Pe Show Krna H

@mohdshahidkhan7562 18 күн бұрын

Sir, please share B/S P&L Computation sheet

@Mahesh-tv6xo 27 күн бұрын

Dear Sir if I show share trading profit as STCG what action IT Department can take? Can they impose penalty or they will just ask to file ITR again? I mean if IT Department is of view that I should have shown it as business profit and not as STCG because of large number of trades in one year or large turnover. I am talking about positional trades and not intra day trades

@Mahesh-tv6xo 27 күн бұрын

Suppose initially I bought shares worth 30 lakh but turnover is 3 cr because same shares are sold and bought again after 2 days. I mean I do positional trading and not intra day trading. Can I show profit as STCG or IT Department will insist that it should be shown as business income?

@parents199500 Ай бұрын

F&o ka turnover kahi show nhi karna ITR mai ???

@ankitmishra__akm Ай бұрын

Swing trading karte hai to kya wo cap gain maanenge ya pgbp income maanenge sir

@raviprajapati130 Ай бұрын

Agar main work swing trading hai to pgbp banega nhi to capital gain.

@aaoprepare2404 28 күн бұрын

Sir KZfaqr Ka income Tax Return kaise Fill kare is par video banaye na plz ❤

@surenderoati Ай бұрын

Sir one doubt : please reply I had no health insurance for my parents and last year my mother surgery was done for brain tumor and all expenses cost me 4Lakh from my pocket. Under which section I can show this 😢😢

@surenderoati Ай бұрын

I am a salaried employee in private sector.

@sagarsrivastava2273 19 күн бұрын

Jab fno ki turnover ko kahin bhi itr mein mention hi nahi karna hai, to usey calculate hi kyun karna hai? Kya turnover sirf tax audit hai ya nahi iske liye calculate karna hai?

@pillarsofcompany 18 күн бұрын

Turnover important for tax audit checking

@wolfoftraders6779 Ай бұрын

Hello sir, I am a FnO trader current year my Turnover is 11000000 (more than 1 crore). And my loss is 1400000. My question is tax audit needed this year or not. Kiya m profit and loss a/c m expenses dikha sakta hu ya nhi such as internet exp, rent exp, etc.

@purushbhija5426 Ай бұрын

File ITR-3, you dont need any Tax Audit, yes , you can claim expenses

@Bhaau_01 Ай бұрын

Saving accou t ke interst ka samband hai 🤔🤔

@Bhaau_01 Ай бұрын

Agar ghar se trading karo to internet charges bhi claim kar skate ky?

@raviprajapati130 Ай бұрын

Yes bill payment account se hona chahiye..

@Bhaau_01 Ай бұрын

Jitna loss ho use to jada hi aayga na sir 🤔

@manjeetkumar935 Ай бұрын

Sir 44AD me AY 2023-24 Me dikha diya hai to Sir isa bar AY 2024-25 me kaise sahi kare?

@raviprajapati130 Ай бұрын

6 year Tak 8% profit maintain karna h,, nhi ca se audit karwa lijiye

@Bhaau_01 Ай бұрын

Dividend kitna hona chaiye dalne ke liye

@raviprajapati130 Ай бұрын

Kitna bhi Mila h

@Gstradesforprofit 14 күн бұрын

44ada?!

@Indiabhawsar 13 күн бұрын

Sir FNo turnover dalna nhi bataya

@rkvat5740 6 күн бұрын

Vo paid service h

@satishkashyapkashyap18 11 күн бұрын

यही केस मेरा है, सेलेरी भी है लॉस भी है,, कैसे भर सकते हैं

@rkvat5740 6 күн бұрын

Vo paid service ka part h

@tejomayimathsacademy3272 Ай бұрын

no voice sir

@shripal9674 23 күн бұрын

Reply de diya krr kabhi jyda senior mat bano

@sanekiron3941 13 күн бұрын

O bhai...kuch samaz me aye esa bol...example de kar samza..kyu wakil ki tarah kayde kanoon zaad raha hai. Mera intra day me loss hai...tax audit jaruri hoga kya..audit karne ke bajay main tax hi bhar dunga baap