This is much much needed for IT employees...me and my friends keep submitting ITR1 from years because they don't the exact section of itr3. This should be turning point for all of us. Thanks sir ❤❤
Sorry to tell you this sir, promoting business and making videos is great, but need to focus on the business as well. We, the Clients, make the payment and wait for a long time, and there is no receipt, acknowledgment, or service delivery TAT fulfillment. Your team member commits and says the filing will be complete in 2 business days, but it's been more than a week in my case, and they haven't don't. Can you please check and confirm
Sir, I sold my longterm holding on 31 March 2023(Friday). So those gains should be considered as LTCG for FY2022-23. But AIS of FY2023-24 is showing that the date of those particular transactions is 3 Aplil 2023 (Monday) i.e. next trading day and those transactions are being shown in AIS of FY2023-24 instead of AIS of FY2022-23. Should I give Feedback as "Those Transactions Belong to Previous Financial Year"?
If, closing stock is aggregate of all the open positions or shares purchased, then in the left side, those should be mentioned as "purchase" right? But you showed them as gross profit, but if closing stock are not realised profit or sold shares, then how can that amount goes to gross profit? If charges are more than 3 lakh, and profit less than 1 lakh, your client took loss, right? Because of closing stock pnl becomes profitable.
At 8:50 you included IGST in the FnO calculation. Don't I have to exclude that? In one previously uploaded video, you excluded that IGST while calculating. Please suggest the correct one
Excellent video. Ist time seen such clarity in video. Sir,in my AIS ,total sale of securities is Rs45000/-,but as Zerodha it is Rs40000/- I hv submitted feedback. The difference is due to the reason that AIS is taking value of all shared tendered under but back, under sale of securities,but some shares say 10 were not accepted and again credited to my Demat a/c. To my srprises even these 10shareshv been shown as fresh Purchase in purchase of securities. Can we file if feedback is submitted? Regds
Sir my other income is 349000 so tax on normal income will be 2450 (new regime) and STCG is 58000 so tax will be 8700 Total tax 8700+2450= 11150 Rebate 87A should be 11150 but I'm getting rebate only 2450 and payable 8700+ cess Is it portal issue...??
Zerodha shows buy price of Nippon liquid bees dividend shares as zero. Is it correct logic? Form 26AS statement shows that Nippon has already deducted dividend tax for those shares? When I sell these dividend shares, we will end up paying taxes again. Why to pay double tax? Please clarify
Dear Sir 2018-19 to 2021-22 I used presumptive taxation for f&o profit. No f&o no business income in 2022-23. Will 5 year be counted from 2018-19 for coming out of presumptive taxation? Or 5 year will be counted from 2021-22? How to come out of presumptive taxation without audit?
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 resolve
Where should I put income from embassy reits, in AIS its showing under income from business trust. When i am puting this in income from business trust, its asking for PAN but i dont know PAN of embassy, in AIS its showing TAN, when putting TAN its showing invalid PAN Kindly please make short video on reits taxation.
Pls share video on Advance tax filling in case of capital gain. Do we have to put estimated captial gain for current running year in first quarter before 15 june Or how it should be done?
As far as I know, while calculating advance tax for capital gains, one should only show the actual capital gains. For example- If you are calculating advance tax for 1 st qtr of F. Y. 2024-2025 and your capital gains is Rs. 1,50,000 till 15 th june 2024 , then you have to take Rs. 1,50,000 in calculation of advance tax for 1 st qtr. After that suppose you have Rs. 60,000 capital gains till 15 th September then you have to take total I. E. 1,50,000+ 60,000 in calculation of advance tax for 2nd qtr. Hence so on and so forth. This was the part of considering your income while calculating advance tax when it comes to tax liability, you have to apply that advance tax rates in respective qtrs.
Thankyou sir for this vedios. But i have one question. What to do in case of specilation loss. Because speculative loss can be adjusted agaisnts speculation profit. If we make profit and loss account then speculation loss automatically adjusted agaisnt f and o profit
Agar sir hum same kre apki video m jes batay h loss k sath and after that hun schedule bp mein speculation loss ko add krde then profit only f and o ka ayga and speculation loss automatically speculation me kar carried forward ho jayga
Sir I had bought some VDAs last year. But did not sell. So I don't have any income from VDAs. But as TDS deducted is reflecting in form 26AS, I need to show it in a schedule VDA also. So what should I mention as 'date of transfer' and 'consideration received' in VDA schedule.
Hello I have profited 63thousand from f&o this year with options turnover of 93 thousand also my yearly salary income is 3.76lpa from job so do I have to pay tax
Hi Team Good Morning!!! My name is Karthik, and I shared my documents on the 5th of July 2024, for ITR3 filing. I heard you will file the ITR within 2 working days as your service delivery time. But, it's been more than 8 days, but still, I haven't received any response or update from your side. Please help to check and confirm the details. If you won't be able to file in the agreed timelines, better if you refund the amount, I will try with better consultants. I don't want any last-minute ambiguities as we nearing the filing deadline. Thank you, Karthik M
HOW TO RESOLVE ERROR IN ITR3 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
Sir you made a PnL and balance sheet of trading business how can you show stock of investment in shares and mutual fund as on 31 march as closing stock in that. Dont we need to seperate the investment part with the trading part in balance sheet and PnL?
15. Aggregate income (12 − 13 + 14) Aggregate income info icon clickable ₹ 4,99,788 a. Tax at normal rates on 15 of Part B-TI ₹ 12,489 3. Rebate under section 87A ₹ 0 Do anyone have idea I am getting tax even amount is less than 5 lakh ?
@@FinTaxPro For short term it's showing Tax rate 15% amount around 1100, but why my other income are getting tax as per normal tax rate , even it's less than 5lakh.
For Filing ITR, You may contact us at info@fintaxpro.in or call us 9718097735
What happen if we have loss on Intraday
@@FinTaxPro Sir Which ITR Form to be select in Intra Day Gain/ Loas & Short Term and Long Term Gain / Loss
@FinTaxPro sir aapne Excel Format description mai nhi rakha please update
Please share the excel format that you confirmed to provide in descending in the video
No matter the video is long or not, you made it detailed, that's all matter💪🏽
This is much much needed for IT employees...me and my friends keep submitting ITR1 from years because they don't the exact section of itr3.
This should be turning point for all of us.
Thanks sir ❤❤
Best of luck!
Sorry to tell you this sir, promoting business and making videos is great, but need to focus on the business as well. We, the Clients, make the payment and wait for a long time, and there is no receipt, acknowledgment, or service delivery TAT fulfillment. Your team member commits and says the filing will be complete in 2 business days, but it's been more than a week in my case, and they haven't don't. Can you please check and confirm
how much fee did they charge you?
How much ?
Everyone needed ❤❤❤ from this part what u posted thanks brow ❤
Best Ever Video for Understanding..Salute u Sir...Great U R..
You explain profit not loss that's why seems easy. Advice take difficult & tricky cases.
Thank you very good information
This video help me too much. Thank you very much sirji.
Very detailed and helpful video. Thank you!!
Thanx sir for explaining everything in a very simple way.
WELL EXPLAINED
Excellent dear. Very well explained. Always stay blessed.
Sir please Excel Sheet to please share kijiye?
Apki bhit kripa hogi apka business bdeha fulega.
Sir Balance Sheet kese banaya apne thoda explain kar dijiye next video me. As a novice person please help us to understand.
Sir it is a comprehensive process which required complete accounting however in fno case you can do it on estimate basis.
@@skillvivekawasthiIf a person have only fno income and savings bank interest what will the prerequisite capital? How can we calculate that?
@@yojityomachi173 It is basically the amount you initially invested.
@@skillvivekawasthi okay sir. kindly share the excel file it will be helpful.
Super explanation sir tq so much.. 🎉
Very well explained sir tku👍👍
This really helped, I really appreciate the effort
Thank you sirji
Sir ji pls provide excel sheet of computation ....
Thanks
@skillvivekawasthi Could you please share excel link ?
Pls share the excel sheet😊
very good sir
Nice Video Sir ji
Please consider to share excel sheet. It was not available in description.
Sir how can we get the excel sheet you are using in the video? U didn't mention in the video.
And video was very helpful ❤❤keep growing 🎉💗
many many thanks sir !!!
Very nice
could you please do video on tax filing for equity trading as business (not as capital gain)
How to download computation sheet shown in video?
Please share the excel format that you confirmed to provide in descending in the video
Sir, I sold my longterm holding on 31 March 2023(Friday). So those gains should be considered as LTCG for FY2022-23. But AIS of FY2023-24 is showing that the date of those particular transactions is 3 Aplil 2023 (Monday) i.e. next trading day and those transactions are being shown in AIS of FY2023-24 instead of AIS of FY2022-23. Should I give Feedback as "Those Transactions Belong to Previous Financial Year"?
If, closing stock is aggregate of all the open positions or shares purchased, then in the left side, those should be mentioned as "purchase" right? But you showed them as gross profit, but if closing stock are not realised profit or sold shares, then how can that amount goes to gross profit?
If charges are more than 3 lakh, and profit less than 1 lakh, your client took loss, right? Because of closing stock pnl becomes profitable.
Sir Please make a video on persons who has brokerage income (Sub Broker of Stock Market)
Please Computation sheet provide us
Have you not mentioned or shared this excel sheet anywhere in description?
Supper....
Format is not available in description?
Sir, pls share the computation sheet
Thank you 🙏🙏🙏
Thanks sir for information and could you please provide the balance sheet formate
Please make on video on INTRADAY loss for filing ITR
At 8:50 you included IGST in the FnO calculation. Don't I have to exclude that? In one previously uploaded video, you excluded that IGST while calculating. Please suggest the correct one
You can claim IGST as expense if GST input not claim and since gst input not available you can claim that as well.
why did you divide the charges for intraday based on sell value, uske charges to separately mentioned the in the intraday table?
Excellent video.
Ist time seen such clarity in video.
Sir,in my AIS ,total sale of securities is Rs45000/-,but as Zerodha it is Rs40000/-
I hv submitted feedback.
The difference is due to the reason that AIS is taking value of all shared tendered under but back, under sale of securities,but some shares say 10 were not accepted and again credited to my Demat a/c.
To my srprises even these 10shareshv been shown as fresh Purchase in purchase of securities.
Can we file if feedback is submitted?
Regds
Please provide link to download the excel computation sheet and other accounting excel sheet i. e. P&L and Balance Sheet etc. 🙏
Sir my other income is 349000 so tax on normal income will be 2450 (new regime)
and STCG is 58000 so tax will be 8700
Total tax 8700+2450= 11150
Rebate 87A should be 11150 but I'm getting rebate only 2450 and payable 8700+ cess
Is it portal issue...??
Zerodha shows buy price of Nippon liquid bees dividend shares as zero. Is it correct logic? Form 26AS statement shows that Nippon has already deducted dividend tax for those shares? When I sell these dividend shares, we will end up paying taxes again. Why to pay double tax? Please clarify
Dear Sir 2018-19 to 2021-22 I used presumptive taxation for f&o profit. No f&o no business income in 2022-23. Will 5 year be counted from 2018-19 for coming out of presumptive taxation? Or 5 year will be counted from 2021-22? How to come out of presumptive taxation without audit?
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 resolve
facing the same error.....have you got any solutions?
Where should I put income from embassy reits, in AIS its showing under income from business trust.
When i am puting this in income from business trust, its asking for PAN but i dont know PAN of embassy, in AIS its showing TAN, when putting TAN its showing invalid PAN
Kindly please make short video on reits taxation.
Pls share video on Advance tax filling in case of capital gain. Do we have to put estimated captial gain for current running year in first quarter before 15 june Or how it should be done?
As far as I know, while calculating advance tax for capital gains, one should only show the actual capital gains. For example- If you are calculating advance tax for 1 st qtr of F. Y. 2024-2025 and your capital gains is Rs. 1,50,000 till 15 th june 2024 , then you have to take Rs. 1,50,000 in calculation of advance tax for 1 st qtr. After that suppose you have Rs. 60,000 capital gains till 15 th September then you have to take total I. E. 1,50,000+ 60,000 in calculation of advance tax for 2nd qtr. Hence so on and so forth. This was the part of considering your income while calculating advance tax when it comes to tax liability, you have to apply that advance tax rates in respective qtrs.
@@poojakotak3857 ok. Thanks pooja for your advice.
Thankyou sir for this vedios.
But i have one question. What to do in case of specilation loss. Because speculative loss can be adjusted agaisnts speculation profit. If we make profit and loss account then speculation loss automatically adjusted agaisnt f and o profit
In that case don’t post that in PnL or make a separate PnL
Agar sir hum same kre apki video m jes batay h loss k sath and after that hun schedule bp mein speculation loss ko add krde then profit only f and o ka ayga and speculation loss automatically speculation me kar carried forward ho jayga
Sir,
What about DP charges taxation on sale of shares,
@fintaxpro could you please share balance sheet excel link to download
Sir .. where to show income from buyback of share....
Sir I had bought some VDAs last year. But did not sell. So I don't have any income from VDAs. But as TDS deducted is reflecting in form 26AS, I need to show it in a schedule VDA also. So what should I mention as 'date of transfer' and 'consideration received' in VDA schedule.
Hello I have profited 63thousand from f&o this year with options turnover of 93 thousand also my yearly salary income is 3.76lpa from job so do I have to pay tax
Sir Balance sheet and P&L compulsory hai kya F&O ans Intra day me? And koni limit hai kya balance sheet & P&L ke liye?
@@harshadakatkar9794 not compulsory for business income below 2.5L Or turnover below 25L
Salare and future loss hai. Kaun si ITR file kare.
Sir I have a business of share trading then how can I show my stcg & ltcg
its saying at Kite(zerodha) the end of Filing for ITR-3 will be enabled shortly. when they will enable
What happens if we choose presumptive income!?
आप जरोधा की बजाए आईसीआईसीआई drect या एचडीएफसी या कोटक महिंद्रा का भी बताए
Bank ki reports bhaut bekar hoti h
Stock market ka itr kab bharna hota hai
Sir Ek video Grow se banao
Can AMC & DP charges be claimed as Expenses while calculating STCG & LTCG ?
No
Sir Equity Trading More than 50lakhs or increase But not intraday can consider in PGBP.
Yes
where is that tax computational sheet?
We cant find Computation sheet in description
Sir, pls share the computation sheet
Itr 3 me agriculture income kse show kre??
Bhai mera itr bhar ...charge kya lagega😢
Please send Tax Computation Sheet
Sir, pls share the computation sheet
Hi Team
Good Morning!!!
My name is Karthik, and I shared my documents on the 5th of July 2024, for ITR3 filing. I heard you will file the ITR within 2 working days as your service delivery time. But, it's been more than 8 days, but still, I haven't received any response or update from your side.
Please help to check and confirm the details. If you won't be able to file in the agreed timelines, better if you refund the amount, I will try with better consultants. I don't want any last-minute ambiguities as we nearing the filing deadline.
Thank you,
Karthik M
What is ABS formula?
Where can we find the Excel
sir some says that you can show profit on sale of shares as pgbp.. is that true??
Yes you can
what about the mutual funds sections?
can u please share the excel sheet
Opening closing stock kaise aa gya
HOW TO RESOLVE ERROR IN ITR3 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
@@Your_idol_001 I'm also getting same error
Facing the same problem......have you got any solution?
GROW m kaise krna h sir please tell
What are the charges that can be claimed as expenses from other credits and debits?. AMC CHARGE, AUTO SQUARE OFF CHARGES, DP CHARGES.....
Yadi hamara portfolio 10000 se kam hai to kya ye muje file karna hoga ?
Return to file karna padega kyu ki profit to hua hai but us par tax nahi bane ga bas aap ko itr file karna chahiye
@@Radhavallabhkripa786 mandatory hai k file nai karenge to chalega ?
Does commodity comes under F&o
sorry to say sir,at 27.28 id profit is not 8089 but 8087..... speed kills accuracy
Don’t worry i recheck all figures before filing 😃
Sir where to show buyback of shares in ITR?
@@PrachiAahuja exempt incot
@@AjitSingh-ju7ss and IPO profit?
isnt charging depreciation mandatory in inocmetax?
Yes it is thats why I haven’t show any asset any assets in balance sheet.
Sir you made a PnL and balance sheet of trading business how can you show stock of investment in shares and mutual fund as on 31 march as closing stock in that. Dont we need to seperate the investment part with the trading part in balance sheet and PnL?
Yes right but client have some open FNO trades on 31 March that we have shown in PnL.
Hope it clear now
Income from sale of buyback shares ..
Kahan pr show krni h..
I think it is exempted income under section 10 (34) A
Also, why zerodha is not giving separate list for sale of shares in BUYBACK
Sir aapka office kaha par hai
Better not to do Intraday and fnO , so much complexity.
What's the charges for ITR3 filing
Itr3 charges-1500
And how to show IPO profit in ITR
Same process just follow report
@@FinTaxPro in capital gains?
Old regime mein 87a rebate khatam krdi gyi
sir pdf toh provide kar dete
♥️🫡
15. Aggregate income (12 − 13 + 14)
Aggregate income info icon clickable
₹ 4,99,788
a. Tax at normal rates on 15 of Part B-TI
₹ 12,489
3. Rebate under section 87A
₹ 0
Do anyone have idea I am getting tax even amount is less than 5 lakh ?
Because capital gain have special rate not normal rate.
@@FinTaxPro For short term it's showing Tax rate 15% amount around 1100, but why my other income are getting tax as per normal tax rate , even it's less than 5lakh.
@@narendrasinghbajwal2204because sir you don’t know income tax provisions i cannot explain nitty gritty of law here in comment.
@@skillvivekawasthi Anything, which you can suggest so that I can understand those basic properly.
Sir mujhe tax filling karni hai apse kya apka contact no mil sakta hai . please reply