ITR 3 Filing for Share Market Income | ITR for share Trading Income

Рет қаралды 99,695

2 жыл бұрын

📍In this session we have discuss ITR 3 Filing for Share Market Income with Intraday calculation #Sec111A #Sec112A #Intaday #Income
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📹 ITR 2 Filing (Share Market) - • Complete Tax Guide for...
🗒Taxed under Capital Gains
If shares are not treated as stock in trade, then it shall be classified as Capital Assets and to be taxed under the head of “Capital Gains”. However please note intraday transactions shall always be consider as speculative business transactions**. “Capital Gains” means profits or gains arising from transfer of a capital asset
** Transaction for Risk management are not speculative transaction like hedging, forward & derivative contract. Capital Gain from equity share and equity oriented mutual fund have special rates of Income Tax u/s 111A and 112A and doesn’t not taxed at normal slab rates
🗒Taxed under Business Income
Under this type of trading, the share transaction is said to be complete only when there is actual delivery of shares/securities upon the settlement of transaction i.e., in other words, when shares are purchased/ sold on delivery basis, then those shares will be transferred to/from Demat account of the buyers/sellers. The buyer of the share will have to pay the full value of share and the share will become his asset with that either he can trade in his business or hold for investment. As per Section 43(5) of the Income Tax Act, 1961, intra-day trading shall be considered as speculation business transactions and the income therefrom would be either speculation gains or speculation losses. Income from speculation gains is taxed at the normal rates. Accounts of intraday transactions and other transactions are need to maintain separately. Expenses including STT shall be book as expense and normal PGBP provision shall be apply.
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Disclaimer- Although all provisions, notifications, updates, and live demos are analyzed in-depth by our team before presenting to the public. We hereby provide our point of view only and tax matters are always subject to frequent changes hence advisory is only for the benefit of the general public. Hence neither Fintaxpro Advisory LLP nor its designated partner is liable for any consequence that arises on the basis of KZfaq videos.
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#ITR3 #Share #Trader #STCG #LTCG #111A #112A
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Team Fintaxpro
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🌏 Website - fintaxpro.in/
Disclaimer- Although all provisions, notifications, updates, and live demos are analyzed in-depth by our team before presenting to the public. We hereby provide our point of view only and tax matters are always subject to frequent changes hence advisory is only for the benefit of the general public. Hence neither Fintaxpro Advisory LLP nor its designated partner is liable for any consequence that arises on the basis of KZfaq videos.
©️Fintaxpro Advisory LLP

Пікірлер: 222

@CreativeMate 2 жыл бұрын

Agar trading, intraday, investment and income from business to kya difference hai or itr kaise fill kare is par ek tutorial zarur banayenge...

@moorthi1961 2 жыл бұрын

Great In one hour you have completed the filing, concept of ITR 3 Thank you

@kiransuthar9274 2 жыл бұрын

Very very thanks sir. KZfaq me itr ke bare me details me jankari aap hi dete hai.

@youganderkummari5166 Жыл бұрын

It was very helpful at the nick of the moment. Thank You.

@adityachouhan9034 2 жыл бұрын

Most underrated video Must watch for new traders

@chitraprakash4218 Жыл бұрын

Thank you sir....bahut hi badhiya bataya hai apne...

@rajeshpanchal6309 2 жыл бұрын

Best version of practical knowledge

@harishvlogs007 2 жыл бұрын

Very useful and informative sir thank you very much

@FinTaxPro 2 жыл бұрын

Glad it help

@jaypreetjoshi 2 жыл бұрын

very commendable video. thank you very much for information in free.

@anantkolhe3995 2 жыл бұрын

Thank u very much Sirji ... very useful while filing itr3

@sanjibmuscat 2 жыл бұрын

Very Helpful video .. Just loved it..

@VarinderPalSingh7 Жыл бұрын

Thank you so much FinTaxPro, Great person having great knowledge.

@dhulipalamalleshwaraswamy3526 2 жыл бұрын

Valuable information given. Thank you sir.

@lalitsahu9600 2 жыл бұрын

Happy new year. Thank u very much. Wel explained, sir. 🙏

@rishabhchauhan8948 2 ай бұрын

Beautifully explained🙌

@SCL-INFOent Жыл бұрын

Very informative thank you

@RSMH_Ratnakar 2 жыл бұрын

Great explain sir thank you very much sir

@yezdiwadia8745 2 жыл бұрын

As usual Excellent

@lakhanjadhav2309 2 жыл бұрын

The Best 👌 👍

@lathinp1345 2 жыл бұрын

Excellent guidance sir

@darshankumar4893 2 жыл бұрын

Sir thank you this video helped me a lot

@shobhashete8634 2 жыл бұрын

Very nice information Thank you

@souravthakur5166 Жыл бұрын

Thanku sir ji ❤️

@niharbarbhaya2991 Жыл бұрын

amazing video

@arpitarora3483 2 жыл бұрын

THANKS MAN FOR THIS VIDEO....GREAT EFFORTS

@FinTaxPro 2 жыл бұрын

So nice of you

@SantoshKumar-id7hb Жыл бұрын

Sir, आपके वीडियो के हेल्प से लास्ट ईयर BS बनाई थी। अब next year यानी इस साल कैसे बनाएंगे BS क्या पिछली BS का उसे करना है। आपके कहे अनुसार सिंपल bs banai थी। Pls इस पर भी वीडियो बनाया, बहुत हेल्प हों जायेगी।

@tribhuvanpurohit5452 2 жыл бұрын

Very very nice explanations Sir please share script wise summary also for understanding Turnover throughout 🙏

@cmaaatishdhatrak9844 2 жыл бұрын

Nice👍👍

@bhushan7490 2 жыл бұрын

Thanks 🇮🇳

@72yogendra 2 жыл бұрын

NICE SIR

@user-pn9xe1bz5i Жыл бұрын

long term ka turnover bhi tax audit me add kerna hota hai kya (for both after and before 31 jan 2018)

@das707 2 жыл бұрын

GOOD

@urmilase2577 2 жыл бұрын

As per the grandfathering concept the capital gains are calculated according to the price on 31 jan 2018 and the LTCG is calculated accordingly. So for a trader would the same grandfathering concept apply(for equity bought before 2018)? and the sum of the capital gains that is normally under LTCG +STCG would add up to become the profit right?

@verandergrover2349 2 жыл бұрын

Share trading main Delivery main short term loss i.e Non speculative income ko intraday profit se adjust kar sakte hain ya nahi. Long term capital gain bhi hai.

@sayankundu99 2 жыл бұрын

thank you very much

@FinTaxPro 2 жыл бұрын

Welcome

@drnarayanprasadgupta7130 2 жыл бұрын

good

@sagarsrivastava2273 Ай бұрын

Mere paas keval groww ka account hai, usmeinaine intraday aur delivery stock trading Kari hai, uski tax report mein usne charges (brokerage and tax) intraday aur delivery ke alag alag nahi dikhaye balki total de Diya hai, ab itr filling ke time par kya karu? Doosra question ye hai ki Mera delivery stock turnover 1.6 lakh hai aur profit lagbhag 2500 hai(6% se kam), par meri total income jismein meri salary main hai wo 2.5 lakh ko exceed karti hai to kya main tax audit ke liye liable hoon?

@sobhagya Жыл бұрын

How to import prefilled JSON file into excel utility. I cant see any activity panel on right had side of ITR 3 downloaded utility

@neelamseervi1694 2 жыл бұрын

If the assessee is having only speculative loss.. so reporting in no account case is enough.. the loss is around 1100.. not reporting balance sheet and p & l a/c in ITR 3 will any notice will be issued after filing???

@SP-uj5bi 2 жыл бұрын

I have loss in my intraday trading and profit in delivery trade.To claim the loss as speculative loss,am I supposed to keep the books of account and get the same audited?

@manabkumarghosh6847 2 жыл бұрын

Sir in STCG for normal business if income is more than 2.5 lac and profit is less than 6% , tax audit is not compulsory in dont opt U/S 44AD IN OF 5 previous year ITR.SIR What is ur view

@girishchandra4205 2 жыл бұрын

Guruji Online Commodity Trading Futures @MCX ke case me ITR-3 or ITR-4 kon sa form file kiya jayega.

@maheshmore5090 2 жыл бұрын

Sir, very good information Can short term capital lossess from share trading be set off against long term capital gain from property sale ? Loss in share trading & profit in property sale should be in same year or can it adjusted in within 8 years ?

@sureshbabuds8331 2 жыл бұрын

Normally I trade in equity through MTF , wherein I need to pay around 30% of total value of purchase and sale the same when target achived. My account will be credited only my margin + profit. In this case what is accounting treatment please . Whether full sale value in income side and full purchase value will be expenses side ? if my purchase value 100, but I paid only Rs 30/- But I need to show Rs 100 as my purchase ? Is it right ?

@aloksoni5889 Жыл бұрын

currenr year me jo losses hua hai intraday me ya phir STCG,LTCG me usko kaise carry forward karna hai, kaise value put karna hai

@ankutsharma1 2 жыл бұрын

Sir, when we treat Share as stock then the holding of share as per holding statement as on 31.03.2021 will be our stock in trade, right? Then why to fill 0 in details of stock in ITR?? Will this not attract notice of correction? Please reply fast ..due date has already approached.

@naveenkumarbhardwaj 2 жыл бұрын

If I purchase stock on delivery basis and sell on same day, will profit / loss earned be considered as intraday (speculative income ) or otherwise?

@dr.p.sujatadora1723 2 жыл бұрын

my short term gain is 5 lac in equity and 1.5 lac loss in F&O. can I adjust loss and which ITR I should file as a individual. and can I take all expenses excluding STT.

@arunvashishth9531 Жыл бұрын

Sir, brokerage commission income kaha show karni h? And iske liye ITR-2 fill kar skte h kya ,if it is approx 2500 only.

@alokdixit4986 2 жыл бұрын

sir meri salary, f&o ke under option mai loss and intraday mai loss hua hai or maine ek property bhi sale ki hai....mujhe konsi itr bharni chaiye or audit karana hoga ya nhi

@caaman93 2 жыл бұрын

👏

@das707 2 жыл бұрын

REALY GOOG

@sudhirmhapankar9878 2 жыл бұрын

Sir ...do we need to upload the balance sheet since we have Non speculative and speculative business income. Pl clarify...it's a request

@successwithsahajyoga Жыл бұрын

Sir mera intraday me 600 ka loss hai banki sara investment purpose se hi realised gain 5790 hai but unrealised loss bhi hai 16750 ka toh kaun sa itr file karna hoga. F & o nahi hai aur koi other income bhi nahi hai

@cashubhamnanda2413 Жыл бұрын

Sir agar hum books maintain kr rhe h to intraday ke profit ko bhi P&L ka part ni bna skte? Ise alag hi dikhana zaroori h tb bhi?

@kartiikshah Жыл бұрын

Sir having capital gains and buisness income which ITR form should I filed

@mukeshsharma2637 2 жыл бұрын

You are definitely superb!

@vickyahuja2384 2 жыл бұрын

Is there any video of yours on 44AA? I need to know when there is need for maintaining books of accounts.

@ESPANA009 Жыл бұрын

sir tax realised p&L pe dena hota he aboslute turnover pe nahi hana or audit 1 cr ke upar karvana padta he hana ya fir 10 cr

@rakeshkumarsrivastava5277 2 жыл бұрын

Capital gain under PGBP, whethr, 111A and 112 A is applicable? Kindly , you may inform me.

@Pratiksha_jain 2 жыл бұрын

Amazing video, keep going, aapne jo link Zip karke rakha hai wo nahi khul Raha hai, agar seperate file load kar dete toa Jayda sahuliyat ho jati sabko

@harjitsandhu7375 2 жыл бұрын

HELLO SIR, IN WHICH SECTION WE HAVE TO ADD THE COST OF LAPTOP OR ANY ACCESSORY WHICH WE PURCHASED FOR OUR BUSINESS

@akshatsinghania908 2 жыл бұрын

2.5 lac limit (for tax audit) is total taxable incoem or from only strading business? bcz if total taxable income then it will be after all heads & all via deduction also.1!1

@vvrao6180 2 жыл бұрын

Sir I have one question we can add the dividend income as a business income and add in the profit please 🙏

@sonam.23agrawal 2 жыл бұрын

sir 2 property sale karke 2 property purchase kar sakate hai ?

@brijeshchovatiya 2 жыл бұрын

Sir im intraday and delivery trader but not a regular business so i can claim exp like stt,gst and other

@sirajudheench2445 2 жыл бұрын

Is this allowed to file ITR with Short term gains as Business income and LONG TERM GAIN as Capital gain.???

@garvitkharbanda8123 Жыл бұрын

Hi sir !! isnt there a need to show the holdings as closing stock in ITR 3

@VishalSingh-pv7yu 2 жыл бұрын

Sir i am a student(no earning) and i earned 1lacks lacks from swing trading(held stocks for more than 1day and less than 365days in cnc Or delivery basis) do i have to pay taxes

@Abhii_Guptajii 2 жыл бұрын

sir I am getting this error while uploading jason file plz guide me Category of Defect B/D - You will be allowed to upload the return. There is a possible defect present in the return or some of the deduction/claim may not be allowed

@praveenbasra6359 Жыл бұрын

How to show Short term capital LOSS and Long Term Capital LOSS in quarterly schedule. It is not accepting NEGATIVE values.

@subhashishjha2553 Жыл бұрын

In your previous video you said that if you are taking your Capital Gain income as business income then Dividend will be treated as business income but here you entered dividend in other sources. Can you please clarify this?

@caanitabhadra9138 2 жыл бұрын

Excellent ! Please guide , whether my understanding is correct about following concepts:- Sec 44AD is not applicable on F&O business and thus, if an individual incurred loss ( obviously profit is less than 6% ) in F&O business . He is not required to get Tax Audit and can report losses in ITR 3 & carry forward his F&O loss . He has to maintain Books of Accounts as current utility is not allowing to enter losses under No Account option. In that case , reporting of transactions in Balance Sheet is not mandatory and P& L will have sale value credited & purchase value debited

@FinTaxPro 2 жыл бұрын

Hello Anita Ji, Yes recently utility is showing error for this. But it is still allowing to file return. You may refer our recent video for Tax audit on FnO for detail discussion on this point. As far as utility we have filed some of the clients despite this error. I think it just a information rather than error, as there are possibilities when we can claim lower profit or loss even without Audit.

@yerahein7551 2 жыл бұрын

Agr buy and sell quantity differ to purchase value selling quantity pe jo ban rhi wo uthani yan jo purchase kiye the wo like if i purchase 5 quantity of share @10=50 rs. Now i sell 2 share of 15 each =30 to 20 purchase uthani yan full 50

@Mrinalgondal 2 жыл бұрын

Nice video but you didn't mention how to file for intraday equity losses... Nice job for explaining how to file taxes if you have profit, but what and where to fill losses from intraday equities... Thank you...

@toufik9714 2 жыл бұрын

Sir last year me mera 3000 tds refund tha lekin mene 2800 ka claim kiya kya ye year me 200 pending tds refund claim kar sakta hu??

@reenasrivastava9686 2 жыл бұрын

Happy New Year.

@sudhirmhapankar9878 2 жыл бұрын

Is it required to upload the balance sheet since we have Non speculative and speculative business income. Without balance sheet the...we will get a not u/s 139 (9) as defective return and the department wants to upload the balance sheet and then file the return under the same section. Pl clarify sir....

@vipintiwari4126 2 жыл бұрын

But ye turnover sirf capital gain se lenge sirf if there is other pgbp also then ?

@aloks4944 21 күн бұрын

can we add dividend income to PGBP instead of other income for share trading?

@girishchandra4205 2 жыл бұрын

Online Commodity Trading @MCX per bhi vedio bana dejiye ITR-4 Filing per..GURUJI

@ravinderbansal8679 2 жыл бұрын

Sir, I am basically a salaried person. and I purchase shares for investment. Sometmes, I also do intra trading. So, plz tel 1)should I file ITR3? 2)What is audit limit in my case if my profit is less than 6% from intraday trading only. 3) income from capital gain and speculative business and salary is added for deciding Audit limit?

@TheTechToyz 2 жыл бұрын

How to submit share scrip wise income in ITR for taking advantage of grandfathering provision when a trader shows income as business income

@vikassgupta899 2 жыл бұрын

I have turnover less than 2 crore from share,f&o, intra day business. But my profit less than 6%. So i have to maintain books of a/c as per sec 44aa and get tax audit also. Isn't it ?

@rwkanade 2 жыл бұрын

Sir जी अगर 25 lac STG gain है और 15 lac speculative intraday loss है TO 50 lac है, क्या ऑडिट compulsory है?? No other income

@srinibaspanda9839 2 жыл бұрын

Thank you very much for such an informative video. I have a query. Which form to use if I have intraday, short term and long term trades as well? I don't have salary income.

@vvaghela75 2 жыл бұрын

ITR 3

@ns10008 2 жыл бұрын

Excellent presentation. However, where we have to fill up the F&O turnover, profit, expenses in the income tax portal pages? That is not explained. Can you please clarify that?

@FinTaxPro 2 жыл бұрын

Mention in PnL account in respective head. If no head specify mention in other expenses

@himayathnagarnortheast1843 2 жыл бұрын

sir my age 65y Female, income 4.5L from house property only and trading in shares futures option, total turnover 1.4cr and loss 6L. can i go for Tax Audit or simply file as per Your Video. pls suggest

@laxminarayanhegde6929 2 жыл бұрын

Sir, Can salary holder show his share transactions under PGBP head ?

@vijenderkumar2118 2 жыл бұрын

Hi Sir ! Thanks for such an informative video.....I have only Share trading income in which Net Profit is 50K & Turnover is 50 Lacs including both speculative & non spec income. Plz answer : 1.) Which ITR form to file ? 2.) Tax Audit applicable or not ? 3.) Should we show > 6% or actual profit of 50K ? Regards

@proskill6403 2 жыл бұрын

No itr required since your gross income is less than 2.5lacs

@ganeshmadrewar7087 2 жыл бұрын

I need to file ITR 3 of mine. What's charge , plz let me know

@tribhuvanpurohit5452 2 жыл бұрын

Also please share any video having F&O Loss filed

@feelalive2108 2 жыл бұрын

Can I file itr for 2020-2021 AY today Feb-2022

@gurmeetsingh-cq6br 2 жыл бұрын

sir ji do you file itr return .

@sukhsukh8358 2 жыл бұрын

Thanks for a very lucid & compact informative video. My salary income is above 10 lakhs, stcg of 7000 & ltcg is 22000 from mutual funds but I have a loss of 95000 from intraday share trading. My turnover is less than 2 cr. Kindly guide me if tax audit is required in my case.

@sanketdahat6993 2 жыл бұрын

kzfaq.info/get/bejne/hpZkYKx2qNilnqc.html

@sanketdahat6993 2 жыл бұрын

Nhi karna audit

@sunilrav1297 Жыл бұрын

Sir we need 1 video on SWP how to show in ITR and tax pls

@harjitsandhu7375 2 жыл бұрын

sir, it is possible to include laptop cost to control the income which is exceeding basic 2.5 lac . in my case stcg income is 2.64 lac after deducting stt and other trading expenses. and intraday losses are about 1.50 lac. kindly help.

@diauser3327 2 жыл бұрын

can we include laptop buying cost as expense for trading ? reply here if you get to know?

@sastamarket8391 2 жыл бұрын

Sir shopee seller ka gst filling ka ek video bana dijiya.....

@sarthakaggarwal1747 2 жыл бұрын

AGR fno m intraday kr rhe h toh kya hoga

@sudhirnair7377 2 жыл бұрын

Dear Sir, in the expense statement you have only considered brokerage for intra day and not for normal trades. Are delivery trades brokerages not supposed to be considered under expenses? Even sebi turnover exp is not considered in the delivery trades. Kindly clarify 🙏 Also, I'm a full time trader like in this example you have shown. Do I have to pay advance taxes, or can I pay tax after the FY

@FinTaxPro 2 жыл бұрын

Dear Sudir, If you compute delivery shares under Cap Gains then only STT is not allowed. However if you compute delivery transaction in business income you can claim all business expenses including STT and sebi turnover fee.

@sudhirnair7377 2 жыл бұрын

@@FinTaxPro thank you