F & O ITR FILING | ITR IN CASE OF FUTURE AND OPTIONS | BALANCE SHEET AND PROFIT & LOSS IN F & O |

In this video we have discussed how to prepare Balance Sheet and Profit & Loss account in case of Future and Options transactions and how to report income from future and options in income tax return.
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[@bharatsanatan87]

Capital A/C के बारे में विस्तृत समझाइए । यह कौन सी राशि है ? हमारी नौकरी से वेतन और शेयर बाजार से investment, intraday, F&O के अलावा और कोई आय नही है । कोई और लोन नहीं है ।

[@pradeepryadav94]

Thank you so much sir , mujhe jo information chahiye thi wo aapki video mili , me baaki ke videos dekha par wo information nai mili jo mujhe chahiye thi, video ka title same hai par information full provide kiya aapne sir thank you

[@allabouttaxes]

Thanks for your valuable words. Please share content with your near and dear so that they can also gain knowledge in this field.

[@pradeepryadav94]

@@allabouttaxes yes sir

[@morsanavallabh1405]

Very nice information about f&o trading itr filing. Thanks

[@bhagwandasjdalwadi5269]

In your video clip, dividend income is not shown in Bs and PNL. Is it that dividend income is not required to be shown in itr.

[@knkhanlaw]

Thankyou for information. Can you share the soft copy of Excel sheet of that balance sheet statement you prepared

[@Allin-lz4vx]

Very helpful and informative video❤🎉
Thank sir

[@noblevaibhav]

In the balance sheet, under Liabilities column, you simply mentioned the 'Capital A/C' balance same as what was there in the Assets column. Isn't any calculation required to be done first to arrive to the actual 'Capital A/C' balance? Otherwise by directly referencing the Assets column figure, we would always have a tally/balancing in the balance sheet.
Also, don't we consider our investments like Mutual Funds or PPF etc anywhere in the balance sheet here?
If possible, could you make a video on how to prepare Capital Account? Or if there is such a video already present, could you kindly provide the link?

[@iqrazonecommerce6126]

Last year itr 4 was filled, this year there is 45000 loss in f&o, so fill ITR 3 and carry forward the loss to the next year?

[@RajeshJain-bc2rl]

Reply

[@manikchoudhury8783]

nice

[@harshadjoshi9345]

maine 1st time FNO trading kiya hai in year 2023-2024 and the profit after removing the brokerage charges is 1,31,600 rupees, but i have not included expenses like electric bill, internet expenses and depreciation, so while filing ITR3 in Audit information do i select to maintain books of account as YES as per Section 44A or NO ?? please confirm as there is confusion on the limit whether it is 1,20,000 or 2,50,000 or 1,50,000, please let me know in which category do i fall ? , Thanks in advance !

[@saifkhan-uc3eu]

For section 44ad if we choose need to take actual t.o.or absolute t.o.?

[@asianpaintsshanmugasundara6546]

what about commodity section ? is this speculative business or ?

[@umeshpatil6634]

Sir please guide me how to show Income from other business u/s 44AD and F & O Loss as book of account maintains case

[@user-cc6wg3tw6l]

Very very informative,Sir plz share balance sheet format in excel

[@CricketHub011]

HI SIR MERE KO ALMOST 2 LAC KA LOSS HAI USKO CARRY FORWORD KARNE KI SOCH RAHA HUN MUJHE LAGTA HAI MAI PROFITABLE BANUGA KYA MERE LIYE SAHI HAI BHARNA BAKI OTHER INCOME KAM HAI 3 LAC SE OR LOANS KAFI HAI

[@onlinemoney5570]

Very good service sir ji

[@Jay4567]

Sir,
I am a salaried govt. empoyee.
I incurred a huge loss in fno trading.
I quit fno trading. Do I need to show it in ITR ?

[@anshhere]

Thanks @

[@ranjitpatel1938]

Thank You Sir.

[@arghyapathak2497]

Sir capital a/c kaise calculate kiye hain

[@jatinsingh6158]

Balance sheet mein Net loss ka koi treatment Q nhi hua ?? pls explain

[@parththumar7696]

Great informative video. Sir I want to ask you one thing you have explained in vedio that if my total Turnover is Rs. 30lakh only by my total sale value is 11crore, is tax audit applicable to me?

[@allabouttaxes]

No

[@user-cc6wg3tw6l]

Sir kya hum apni salary income balance sheet m lenge

[@amipatel2574]

Useful😊

[@successwithsahajyoga]

Share market me f &o me 37000 ka loss hai but carry forward tabhi hoga jab tax audit karwange aur income bahut kam hai ie only 150000 from salary and 43000 from mutual fund(long term).
Toh kya Itr file karna h or it is better not to file kyunki koi tax toh ban nahi raha aur f&o ka loss carry forward karne k liye tax audit karwana padega.

[@PankajSharma-gr4ks]

nhi karwana padega

[@rajeshchedyya5735]

Sir ji mujhe trading account me loss hua hai. Aur main salaried persona hu mere pass form-16 hai. To mera konsa return file hoga?

[@cmapankajtrivedi9951]

ITR 2 in case of capital gain/loss

[@MuskanParvez-wv4dn]

Sir, you have shown Rs. 5,39,37,164/- in other operating revenue. Why will it not attract audit?Also you have booked loss without getting audit. Please explain how is it possible to book loss without getting audit? Please help.

[@allabouttaxes]

Audit is required when your turnover exceeds Rs. 10 crore and it will be be calculated as we discussed in the session I.e. sum of favourable and unfavourable results of the transactions.

[@allabouttaxes]

There is no provision of compulsorily audit in case of loss. Audit is required if you opt for section 44AD and later on you opt out section 44AD upto 2 crore rupees turnover.

[@ramadassrampravesh2776]

@@allabouttaxes you havent shown the loss in Balance sheet.....Loss must be shown in BS too...Right??? CAn you explain?

[@lalajisawant5762]

😊