Sir, sach me apne badi imaandari ke sath sari jankari FnO ke bare me bade ache se dee hai. Baki log to aadhi ya 80% jankari dete hai. Lekin aap ne aisa koi dhokhe wala video nahi banaya. Sachai se banaya hai. Mujhe isliye aapka ye video bahut hi acha laga. Really thank you so much.!!! 🎉🎉🎉

Thanks sir aapko video dekhle maine khud ka itr file Kiya ,thanks a lot 🙏 ,you are a real youtuber 🎉

आप बहुत ही अच्छे ढंग से समझाते हैं

Thank you so much, almost all cases covered!

Valuable information provide करवाने के लिए आपका बहुत बहुत आभार।

One of the best video on the subject elaborated, so well as it's self explanatory. Great job done.

thank you for sharing the knowledge.

Thank you for detailed guidelines. I have submitted ITR 3. Your video was a great help to fill up various schedules.

Sirji you are doing a wonderful job. Explaining each and every column in details. Rest all videos they skip half portion and give a basic outline. You are sincerely explaining us. Thank you once again for your sincere efforts to share your knowledge. Great job❤

Best Video on Internet right now for ITR3 for those with F&O profit/loss. Saying this after going through many video on tube. Thank You. Great work.

Very helpfull video, thank you.

Sir kuch jyad hi easy laga aapka filling ,thankyou

Nice explanation sirji..🙏🙏U did it very sincerely... hats off to you...a big thanks..

very good detailed informative video. Kudos to you.

U are great and help full Thanks 🙏

@vpstca

Ай бұрын

It's my pleasure

Sir bhut acha vedio banaya hai apne smj mai aa gya

SIR THANK YOU BAHUT HI SARAL BHASHA ME SAMJHANE KE LIYE

Thank you sir

T O kabhi sale value se jayada nahi hoga, very imp point

Well explained 🎉❤

Best video

❤❤thanks for the very good advice sir ❤❤❤❤

Thanks You

You got a new subscriber 🎉

Sir I have STCG and LTCG apart from I have loss from intraday and option Even then I have to take all trading value in preparing itr 3 balance sheet. If I am not wrong Can we take only intraday loss and fno loss capital value which used as normal business bcz we have taken stcg and ltcg in capital gain head. I am confused at the time of preparing balance sheet.

@vpstca

16 сағат бұрын

Yes you can do

whether to click yes or no under audit information if gross receipts (sale from f&o) is greater than 3cr

@vpstca

27 күн бұрын

No Audit if turnover is less than Rs 10 Cr case of F&O

Nice info. Sir any course over itr and gst filling?

Sir i have a one query if we got a profit in ltcg and stcg in mutual so where we have to mention purchase & sale value of mutual fund in *Profit & Loss A/c and Balance sheet*

@vpstca

3 күн бұрын

No choose Capital gain schedule video Link given in this video description

Sir no account case me balance sheet me stock in trade value ko andaze se bhi fill kar sakte h kya

@vpstca

2 күн бұрын

Yes, if you have holding the Stocks or Mutual Funds on 31.03.2024 it is mentioned in your broker statement Otherwise mentioned zero

Is it important to have balance sheet . Or I can just show the amount of stock in trade in no account case ?i have opted yes for 44AA

@vpstca

21 сағат бұрын

If you choose 44aa then you can't do this... Pls please prepare a proper balance sheet like sources of fund and application of fund

Sir, is it necessary to match source of fund and application of fund ?

@vpstca

24 күн бұрын

Yes

Tis me jaha purchase of securities reflect hoti h , waha per 2 -2 quarter ki purchase and sales 1-1 quarter me show ho rahi aur sales to sahi h but purchase less reflect ho rahi h to ham usko feedback se sahi kar sakte h 2 quarter ki purchase ek sath feedback se sahi kar sakte h?

@vpstca

11 күн бұрын

Yes

Sir I have medical stores. Itr 3 has to be filled for that. If loss has also been made in F&O, then the balance sheet of both has to be shown separately?

@vpstca

2 күн бұрын

No single balance sheet

❤

sir nature of bussiness me 13018 other finacial service select kar sakte hai kya ?? ITR 3 me option ka loss show karke carry forward karna hai.. plz tell me sir

@vpstca

10 күн бұрын

Yes

good

Sir, ek baar yadi old tax regime me chale gaye to kya future me wapas new Tax regime me ana chahe to aa sakte hai kya? Last yr mera old hi tha. Yadi gains taxable limit se kam ho to bhi old losses 100% adjust kyo hote hai? Mujjhe last ye je koi losses is yr ke gains se adujust nahi karna hai. Kya karu. Old regeime me hoga kya?

@vpstca

21 күн бұрын

Yes, Koi issue nahin hai aap old tax regime Mein ITR file Karen Uske bad next year aap new tax regime Mein Ja sakte hain

@vpstca

21 күн бұрын

No loss adjust hone ka same Tarika Hai Chahe aap new tax mein jao ya old tax mein jao

@healthyandtasty3457

21 күн бұрын

@@vpstca Thank You So Much!

Sir fno main loss hai aur muje salary main 80u and HRA deduction lena hai. 10iea main yes karna hai business income main lekin business income fno main loss hai. Itr3 ka option file karna hai old regime main. Suggest karo ke deduction lene konsa itr file karu aur kya fno loss main jo business loss hai usme bhi 10iea file karna padenga

@vpstca

Ай бұрын

Yes, itr 3 मैं even business loss भी है तो Form 10IEA File करना padega if you want to file your ITR in Old Tax Regime

Bahut hi achha se samjhaya hai sir But kya indirect expenses 14,400 ka sabhi head future, option,intraday me equally add hoga.

@vpstca

Күн бұрын

No distribute in sales ratio

Firstly thanks for very informative video. If I don't want to carry forward My losses then I need to maintain Books of accounts? Or I can file in no account case to adjust it in current year only!

@vpstca

23 күн бұрын

Not possible because the system will not take negative sign

@niteshzinzala9949

23 күн бұрын

@@vpstca thanks for the prompt response. It means I must need to maintain books of account to adjust my losses with STCG?

@vpstca

23 күн бұрын

@@niteshzinzala9949 Yes

Thank Ved ji, i am following your video since last two years, but this year i traded in fno and try to show books of accounts and your video is very helpful but while filing but can you show how or where to add dividend income in pnl? and while filing? also when i tried to submit my file i had received error and tax department reported me with following reply "Dear Taxpayer, this is a Category B/D error in case dividend amount is reported under schedule OS and same is not entered under Profit and loss account and amount is not reduced from SI. No. 5 in Schedule BP. So kindly report the same under these schedules to resolve this." would be very greatful if you can reply me

@vpstca

26 күн бұрын

Go to Schedule BP and click on top option A. Business or Profession other than speculative..... than scroll down below and click on point 3.Income /Receipts credited to profit & loss account.... and than fill figure zero in d. Other sources (i) dividend income

Sir mujhe yeh btaye ki ek deement account jisme me 2023-24 me loss me hu usko carry forward krke dusra deement account se shuru kru jisme m aane wale saal me profit me ho javu to tax kis type lagega wo 2023-24 wala loss cover hoker lagega na

@vpstca

29 күн бұрын

Already Replied

Capital account kaisa pata lagega .time 36:34.please bataiye.balance banana chod de toh chalega kya??

@vpstca

2 күн бұрын

Take all figures I mean Total of Application side minus Sources side - Balancing figure will be your Capital

Sar Maine pichhali bar ITR 3 nahin bhara tha to main pichhle sal ke Jo f&o ka loss hai usko is sal ke loss ke sath carry forward kar sakta hun kya

@vpstca

22 күн бұрын

No

Sir, Mera business income from FnO hai. No salary income. Aise me previous. yr. Old tax regime tha. Abhi default New Regime se old me jane par future me regime new par ja sakte hai kya? Sir, Please reply kare

@vpstca

21 күн бұрын

No issues

@healthyandtasty3457

21 күн бұрын

@@vpstca Thanks for your immediate reply and guidance. Really the video to understand FnO in ITR-3.

I have made loss in options trading but my annual income is below taxable limit. Can I carry forward the loss to next year and set it off against profit / income of nexr year?

@vpstca

16 күн бұрын

No the system will automatically set off or adjust your option loss with all income except salary

Sir for one business can i go for 44ad and for 2nd business i.e future & option can i go for business other than 44ad?? Please tell

@vpstca

Күн бұрын

No,

Sir, Delivery stock Purchases and sales (having LTCG and STCG) Trading and P&L account main nahi dikhane hain kya?

@vpstca

7 күн бұрын

Yes, nahin dikhana hai in profit and loss account

@KRISHNA17698

7 күн бұрын

@@vpstca Thanks for very prompt response. Be blessed by the Divine.

Sir, income tax 5000 cuta hai. Aur mera mutual fund bhi hai Aur intraday f&O mai bhi loss hai Is me rtr 3 filling Krna hai ya Ek ek Krna jaise rtr 1,rtr 2,rtr 3 Konsi filling karna sir....? Please answer me

@vpstca

Ай бұрын

ITR-3 only

Sir I have a very tricky situation. I use margin obtained from pledging a part of my long term shareholding for option writing i.e.selling options. I also hold shares for the long term which are unpledged. So how should I report it in the balance sheet? 1) By showing the obtained amount of collateral margin on the liabilities side as a secured loan and recording the amount of only unpledged shareholding (total shareholding minus pledged margin) on the asset side ? Or 2) Recording the amount of obtained margin on the liabilities side and showing the entire shareholding value (including value of pledged shares) on the asset side ? While considering the fact that when you pledge shares you don't lose ownership of those shares and you get margin to trade too which forms part of your capital. Or 3) Not showing any pledged margin on the liabilities side and showing the full amount of shareholding on the asset side only. Or any other adjustment other than above. Would be very helpful if you can guide me on this🙏

@vpstca

2 күн бұрын

Choose first option

@ShantanuBhadvalkar

Күн бұрын

Thank you so much sir🙏🙏​@@vpstca

Salary Income hai aur Feature Option me loss hai. to Old tax regime me 10IEA form Bharna hoga ?

@vpstca

22 күн бұрын

Yes

Hi Sir is point ke hisab se to jinko loss hua hai sabko audit krana padega n sir please reply . If the taxpayer has incurred a loss or has a profit that is less than 6% of Trading turnover and income is beyond the exemption limit, a Tax Audit is applicable

@vpstca

14 күн бұрын

1.Nahin Aisa bilkul nahin hai agar aapko loss hai to aapko tax audit karvana padega han but books of account Jarur maintain karni padegi agar aap loss ko carry forward karna chahte ho 2. Second Agar aapne pahle 44AD Mein ITR file Ki Hai to aapko lagatar 5 Salon Tak 44AD Mein Hi ITR file karni hai aur minimum 6% or 8% as the case may be profit dikhana padega turnover ka toh agar aap vah Nahin dikhana Chahte Hain To Tax Audit Jaruri Hota Hai

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 error aa raha hai please help Sir is par yek video bnaiye ye kyon aa raha hai and solution kya hai

@vpstca

Ай бұрын

Check this video from 39.27 minute see complete process how to show dividend income kzread.info/dash/bejne/lImirdOwgtfQkrQ.htmlsi=qSHDhp1wmfsGbvDJ

@vpstca

Ай бұрын

If still error than confirm

@rajdevsinghg

Ай бұрын

Thanks sir

thankyou for the information, I have one query why you haven't added indirect expenses in case of Intraday?

@vpstca

16 күн бұрын

Don't worry you can deduct this indirect expenses from your intraday profit and show the remaining amount

Hi, while you have shown the sales turnover in trading account, but the purchases is shown in the profit and loss account... Why is that sir

@vpstca

12 күн бұрын

@@sasageyo3909 no issue in this you can show the purchase in trading account also by choosing direct expenses there

If I have net loss of 3 in intraday trading can I skip Mantain Book ? I dont want to carry forward the loss. Or should I file ITR 2 and calculate this as part of short term capital loss?

@vpstca

24 күн бұрын

@@Sandey1235 file ITR 2 and show this loss as short term capital loss

@Sandey1235

24 күн бұрын

@@vpstca Thanks for responding!

@Sandey1235

23 күн бұрын

@@vpstca I have one more question. I have some income from units of business trust ( like dividend ). Should I put this as Other Income or in Schedule PTI?

I have only loss of 80 in FnO so can i show only sales,purchase and direct expe. such as brokerage...is it enough as i dont have any other expense as i am salaried person...

@vpstca

9 күн бұрын

Yes it is enough

sir jo Sale of options mention ki h vo Addition of sell value likhi h na options ki? under revenue from operations

@vpstca

4 күн бұрын

Yes sale value of option

I have already filled ITR 3 with the New tax regime. Do I need to fill Form 10 IEA?

@vpstca

9 күн бұрын

No

Salary person apna salary me se zerodha me paise dalta h future and option ke liye, propriter fund me wo dalna h kya ya or kuch

@vpstca

11 күн бұрын

Jo fund aapane zerodha mein transfer Kiya Hai vah le lo

Nice video. Is same procedure followed to file Nil ITR3?

@vpstca

27 күн бұрын

Yes

So we do not use t/o of 70,24,627 in our return. We only consider it for 44AA and 44AB. Am i right?

@vpstca

17 күн бұрын

@@rahulnikam5067 yes

Sir pls share the pl balance sheet link. It would be very helpful

Sir in balance sheet investment section we have long term and short term. my doubt is do we need to add those when we already booked profit /loss in short term/longterm or we need to enter even if we are doing SIP and buying shares are Bonds.

@vpstca

13 сағат бұрын

Yes you can show your stock or Mutual fund holdings on 31 March 2024.

@raveadventure8736

10 сағат бұрын

@@vpstca it crosses more then 15lakh sir. Can I skip it and add some trading capital in balance sheet.

sir, other than f&o, I had (old mutual funds in hand), (bought and sold some mutual funds ), bought some mutual funds for long term , and bought some stocks in 23-24. So in the balance sheet, do I need to show all these along with f&o or I just have to them separately in capital gain section only? I am so confused

@GovindSingh-uf2rd

23 күн бұрын

show them **

@GovindSingh-uf2rd

23 күн бұрын

To get rid of all these confusions, can I show the f&o loss ( small amount of 3500) in capital loss section in itr 2?

@GovindSingh-uf2rd

23 күн бұрын

Until last year, I was filing itr 2 only as there wasn't any f&o transaction

@vpstca

23 күн бұрын

I am not suggesting for ITR 2 file ITR 3

Except f&o loss agar meri other business income h 5,00,000 ki.. To kyaa audit u/s 44ad aayegi kyaa... F&o loss carried forward karne k liye ?? Pls pls rply

@vpstca

22 күн бұрын

F&o loss carry forward karne ke liye books maintain Karni jaruri hai 44 ad se nahin hoga

Sir main salary person ho mera f & o turnover 7.9 lakh hain our loss 1.9 lakh muzhe books of account maintain karna padega kya itr -3 bharta hu to mujhe harsal itr 3 bharna padega kya

@vpstca

24 күн бұрын

Aapko ITR 3 file karni padegi aur books of account bhi maintain karni padegi Har Sal ITR3 File karne ki jarurat Nahin Hai depend Karta Hai आपने क्या Transactions किए है

Bhai pls reply...apne purchase point no 8 i.e. Purchases in me kyu show nahi kiya....?

@vpstca

7 күн бұрын

Brother no issue agar aap karna Chahe to kar sakte hain vah bhi galat Nahin Hai

Sir mera F&O turnover 1.5cr hai and speculation sales hai 75lacs and salary hai 15 lacs. F&O k case me mujhe loss hua hai 2.5 lacs ka. Mai ITR 3 file kar rhi hu. Books of account maintain kar rhi hu. Kya fir bhi mujh par tax audit applicable hoga?

@vpstca

13 күн бұрын

@@gulabchandgupta8622 no tax audit

Sir , deposits in brokers accounts as on 31 March 2024, where should I show the same in balancesheet.

@vpstca

6 күн бұрын

Application Side - Other current Assets

@KRISHNA17698

6 күн бұрын

@@vpstca Thank you sir, Be blessed by the divine.

Sir, I have F&O gross sales of 11 crore but TO of 20lacs only. No tax audit is required, right? But an error is appearing while proceeding '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. Kindly fill up the audit information in the return, since your turnover /receipts exceed the specified threshold, you are liable for audit u/s 44AB'. Can I ignore the error and proceed?

@vpstca

12 күн бұрын

Do one thing fill your data as per this video this is last year video than I think this error will not appear kzread.info/dash/bejne/f4tttpeRo5TXcso.htmlsi=AR4QPqdQJ-U-Q90G

@mariyaissac420

11 күн бұрын

@@vpstca I saw your reply late. So I ignored the error and filed it. I was tensed, whether the return will be defective. But it is processed now with no issues. So I hope I don't need to worry anymore. Thank you for your response.

Sir AIS and TIS report me f&o ka data phle se Diya rehta hai ya ye f&o ka data broker se hi dekhna hota hai? Please reply

@vpstca

12 күн бұрын

Broker se Lena Hota Hai

Sir, ye Vala 13 lac ka loss audit ni hoga ? Isme 12 Crs ka turnover Tha, fir bhi audit required ni h kya?

@vpstca

5 күн бұрын

Turnover Rs 12 Crore Nahin Hai Sale hai there is difference in sale and turnover that is why tax audit Nahin hoga

Hello sir, I have loss of 1.5 lakhs in futures in fy 2022-23. But I had not shown that in previous years ITR. Can I carry forward that loss in this year's ITR? This no account book case

@vpstca

8 күн бұрын

@@sureshkale2452 not possible

@sureshkale2452

8 күн бұрын

@@vpstca any other option I have?

sir where to show tuition income in other sources or in other income on profit and loss account

@vpstca

4 күн бұрын

Other sources if it is not your main source of income

Hi I receive my salary as a consultant under section 194JA + I've capital gains frok stocks n mutual funds. Which itr from should i fill?

@vpstca

21 күн бұрын

Itr3

@omkarmirajgave7542

21 күн бұрын

@@vpstca in itr 3 what to show in balance sheet. Actually I am getting B/D error there

@omkarmirajgave7542

21 күн бұрын

@@vpstca in itr 3 what to show in balance sheet. Actually I am getting B/D error there

Sir plz help me, mera claim submit karne par error aa rha hai, Kindly ensure that divident income mentioned in schedule OS or schedule EI should be equal to divident income, reduced from schedule BP. Sir kya kre,

@vpstca

19 күн бұрын

@@dityaAayu please check this video kzread.info/dash/bejne/pp51scayf5fRf9Y.html

@dityaAayu

19 күн бұрын

After see your error video, i change as per your advice, error removed but new error generated " please specify the nature" Plzz Sir resolved this..... 🎉

@vpstca

19 күн бұрын

@@dityaAayu natural or nature?

@dityaAayu

18 күн бұрын

Nature

I'm a salaried employee, I have F&O losses of Rs.4600, intraday profit of 300 and STCG & LTCG, do I need to select yes in are uou liable to maintain accounts as per sec44AA?

@vpstca

26 күн бұрын

Yes

@richapoddar97

26 күн бұрын

@@vpstca thanks

Balance sheet में investment section में Long term and short term की investment वैल्यू में कौन सी वैल्यू डाले ? Buying value ? Profit ?

@Pravanjan12

29 күн бұрын

Aur jiska loss he STCG mein kya usko hum minus mein dikha sakte hein

@vpstca

27 күн бұрын

Invest which is available in 31 March 2024...you can say qty hold on 31 March at buying rate

@vpstca

27 күн бұрын

No

@Pravanjan12

27 күн бұрын

@@vpstca sir, stcg ki loss itr-3 mein kahan show kare? Please guide sir 🙏

@vpstca

27 күн бұрын

Check this video kzread.info/dash/bejne/lImirdOwgtfQkrQ.htmlsi=y3o4rTawUvA6uh1Z

Sir intraday loss 1800 ka hai. Usme books of account chaiye kya?? Also kuch stcg profit hai 25000 ke laghbhag & fd interest 10k to itr file karna jaruri hai ya nahi???

@vpstca

27 күн бұрын

Itr 2 file कर लो and Intraday loss को short term capital loss दिखा doh pls check this video kzread.info/dash/bejne/rH12o9aOkrKpnM4.htmlsi=NycjFYXaWq6n6BYz

@ranvirrana9466

27 күн бұрын

Total income to 2.5 lakh se kam hai na to ITR file karna jaruri hai???

@vpstca

27 күн бұрын

Hmm no need to file itr if income below Rs 2.5 Lakh

Sir ye bataiye ki UPI se shop par paise lete hain photocopy karte hain aur friend ya kisi jaane wale ke account mein paise transfer karte hain ya uss se paise lete hain online ...tab uss income ko kaise show karein ITR 3 mein ?

@vpstca

29 күн бұрын

1.Money received against photocoy on shop is your sale or service receipt so file itr 3 and show your profit margin in this either u/s 44ad or maintain books 2.Money send to friends and taken back has nothing to do with tax bcoz in point 1 it is already covered in your sale / receipt

@anshhere

29 күн бұрын

@@vpstca sale of services mein seedhe profit 10 percent dikha diya jaye revenue mein ...ye net income me add ho ja raha hai ... because UPI transaction ek ek kaun find kare ...1 , 5, 10 rs wale transaction bahut h

Hello sir...can we set off FnO loss against STCG?

@vpstca

9 күн бұрын

Yes

UPI TRANSACTION SE HUI INCOME KO TRADING ACCOUNT ME SALE OF SERVICE ME DIKHA DIYA H ....KOI PROBLEM TO NHI HOGI ?

@vpstca

24 күн бұрын

Theek hai koi dikkat nahin hai

Sir what is sources of fund & application of funds

@vpstca

11 күн бұрын

Sources of fund means Liabilities application of fund means Assets

Nice information videos.. 1. Can I get Excel sheets format. 2. I am using two brokers app for f & o. May I enter details separately or combined figures in itr? 3. Is balance sheet and Books of accounts are same? Thanks

@vpstca

9 күн бұрын

Put combined figures

@vpstca

9 күн бұрын

Yes same with combine figures

@somnatharora7346

9 күн бұрын

@@vpstca Thanks dear... Can I get Excel sheets format..

Sir, I do trading only for me So can I show my Telephone, internet and electricity bill as expense and since i do trading from my home so these bills are shared cost which includes personal usage also and is there any limit that if Turnover is more than if let say 10 lac then only these expense can be claimed?

@vpstca

12 күн бұрын

Yes you can claim your internet expense etc and there is no such limit of Rs 10 lakh

@animal__official

12 күн бұрын

Thanks for the quick response. I have this one more doubt i am salaried employee and took HRA exemption. So, Can i claim my one room rent as expense to trading? or this is not legal to claim?

@vpstca

12 күн бұрын

No

@animal__official

12 күн бұрын

@@vpstca Thanks for response Sir!! really valuable

Last year I fill ITR 4, present year can I fill ITR 3?

@vpstca

7 күн бұрын

Yes, but if you filed u/s 44ad than continue in 44ad in ITR-3 also

ITR3 is accepting losses with negative values in No Account. Can intraday losses be filed in this. Thanks

@vpstca

14 күн бұрын

Negative value considered in intraday (Schedule Trading Account) not in other business like future and option

@alphaCmcm

14 күн бұрын

@@vpstca thanks for the clarification

ITR2 मेने भरा जिसमे ओल्ड न्यू regime में येह फॉर्म 10ई वाला ऑप्शन नहीं आया था और मेने वह फॉर्म भरा भी नहीं था और ओल्ड के ऑप्शन में रिटर्न्स भर दिया हैं तो क्या होगा?

@vpstca

26 күн бұрын

ITR-1 and ITR-2 mae ye Form fill up karne ki requirment nahi hoti

@user-uj1qm6si9v

26 күн бұрын

@@vpstca थैंक्स.

Sir agar koi trading related course purchase kiya hai toh usko bhi as a expense p&l mai show kar sakte hai kya?

@vpstca

10 күн бұрын

Yes

@aniketshelar4810

5 күн бұрын

@@vpstca other expense Mai Course for trading?

Sir ye proprietor fund kon sa bhare kyuki ham to deposit withdraw karte rehte h demate account me

@vpstca

7 күн бұрын

Use this formula first complete your Application Side and than deduct profit / loss from the Application side the balancing figure will be your capital

@alkakanodia7247

7 күн бұрын

in case i have loss , then uss case mei negative capital account will be shown ? ​@@vpstca

@pankajsemwal3571

6 күн бұрын

Application side aur deduction samjh nhi aya.

Actually I use my mom's GROWW ac to invest in mf, stocks, f&o..i gift money to her bank account and then I invest.. Ab isko balance sheet me kaise dikhau liability side me? As loan from relatives?

@vpstca

23 күн бұрын

Yes

@GovindSingh-uf2rd

23 күн бұрын

Thank you Sir

Sir, F&O me loss dikhana hai to books of accounts maintain krna mandotary hai kya? Agar haa, to kon kon si books. Plz elaborate. Sab kuch to demat account ki reports me hota hai. Kya use hi books of accounts mana jaye?

@vpstca

2 күн бұрын

Yes in case of loss books of account is must and Yes demat account is your books and further you can claim other expenses like internet, mobile etc if you actually incurred

@VinodKumar-ih1fv

Күн бұрын

@@vpstca thanks

Sir, I fall in no account case. And I don't want to carry forward loss. I want to file in no account case(knowing that I won't be carry forward loss). Can I file in no account case??

@vpstca

7 күн бұрын

Yes, if you don't want to carry forward your losses than file your ITR in no account case

@vivekambardar3328

7 күн бұрын

@@vpstca Thank you Sir

Hello Sir, how do I calculate Sources of funds for F&O, I am a salaried employee and have added money from time to time in my grow demat account, my salary is above basic exemption limit and loss are around 1.5L in F&O, turnover - 6.5L and 20K Loss in intraday, turnover - 1.2L. Also I have never used 44AD benefits before, therefore no need to get tax audit, but balance sheet is needed. Is there any way to calculated Total source of fund through reports provided by demat account. I haven't taken any loan, etc. Have only used earnings from salary to do F&O. Please help

@vpstca

Ай бұрын

Whatever the salary amount you transfer in demat account consider that amount your capital first (Source of Fund)

@savantayush6

Ай бұрын

⁠@@vpstcaAlso I had withdrawals from time to time as well, then Source of fund = Deposit - Withdrawal. Also can you confirm once if tax audit is applicable in my case?

@vpstca

Ай бұрын

Already reply

@vpstca

Ай бұрын

Yes, deposit minus withdrawal and No Tax Audit

Thanks you earned a subscriber ❤ I have seen a lot of video on F&O ITR (from CA & Non CA) but I was not satisfied with their representation of data in ITR. This video is complet and correct as per my PoV. Thanka for detailed and correct representations. Just one doubt sir, since we are showing business of Intraday and FnO only...and taking delivery trading in cash market under Capital gain then why we have to show our equity/MF investment in balance sheet. Because Balance sheet is of FnO and intraday only...else I have invested in gold, property, equity, MF, FD ...should I have to mention all of them in BS? I doubt that sir

@GovindSingh-uf2rd

23 күн бұрын

I also have the same doubt

@GovindSingh-uf2rd

23 күн бұрын

Did u get any reply from anyone?

@GovindSingh-uf2rd

23 күн бұрын

Thakur ji, Hi I am Govind... Could you share your no, I also have the same doubt.. I just want to discuss with u. Regards

@GovindSingh-uf2rd

23 күн бұрын

Moreover, I am not using a separate bank account for f&o,rather my normal savings account from which I use money for all my household expenses. So how can I show my 31 March bank balance in the balance sheet?

@vpstca

23 күн бұрын

The reason is individual has same pan number for his all transaction either it is salary business capital gain etc it is not like company /LLP/Firm where an individual (Owner) has different PAN from his COMPANY /LLP/FIRM which he is created and he is the owner there so in these cases that individual file his return (His PAN) and also file separate return for his company / Firm (Separate PAN)

HI SIR ,NAMASTE MAINE NEW TAX REGIME SELECT KIA HAI ,MAINE HEALTH AUR LIFE INSURANCE LIYA HAI KYA MAI USE BUISNESS EXPENSES KE INSURANCE KE COLUMN ME DIKHA SAKTA HU.

@vpstca

22 күн бұрын

No

@sidhus7604

22 күн бұрын

@@vpstca THANK YOU SIR VERY MUCH

Sir around 5L loss in option turnover 18L around.no source of income should i file itr. If i file itr any income source is needed

@vpstca

29 күн бұрын

If you want to carry forward your loss for next 8 years than file ITR I mean suppose next year you have profit of Rs 5 Lakh or more that profit will be reduced by Rs 5 Lakh...... otherwise no need to file ITR or you can check this video for more clarity kzread.info/dash/bejne/dH6O08eKfNPLebw.htmlsi=8xpnjeHUcF_k0e2b

@sansan-vf6bt

29 күн бұрын

@@vpstca if i file itr without any source of income so any problem may found or any disclosure need to submit.

Sir in General information there is Date of Commencement of business do i need to fill it if yes then which date i can take

@vpstca

28 күн бұрын

Leave blank

@srv111.

27 күн бұрын

Ok sir, thank you

Sir, why we are showing F&O purchase in P&L as Other expenses? why can't we show F&O purchases as direct expenses or Purchases in Trading account?

@vpstca

18 күн бұрын

No issues yes you can show the f&o Purchase as direct expenses

@aswathnatarajan8438

18 күн бұрын

@@vpstca Thank you!