Taxation for Traders

Whether you’re a seasoned trader or just starting out, understanding the taxation of trading income can make a significant difference in safeguarding your hard-earned capital. In this article, we’ll delve into the intricacies of income tax for traders, shedding light on how understanding the taxation of trading income can make a significant difference in safeguarding your hard-earned capital.

As a trader, it’s extremely important to file your taxes, regardless of whether you made a profit or loss. Most people assume that just because they’ve made losses, it’s not necessary to file taxes, but that’s a mistake—you may get a notice from the Income Tax Department regardless of that. We also understand that filing […]

Traders, If you hold stocks or mutual funds in your portfolio that have unrealised losses, you can set off these losses against realised profits, on which you have to pay taxes. To do this, you can book the losses, effectively reducing the realised gains and hence also reducing the tax payable. This act of booking […]

When we started off, one of the things we were aware of was that taxation for traders was never simple. We have explained how taxation works for traders and investors in the Varsity module on taxation. We could always do more, so we partnered with Quicko, a startup to help people file taxes easily, via […]

Traders, If you hold stocks or mutual funds in your portfolio that have unrealised losses, you can set off these losses against realised profits on which you have to pay taxes. To do this, you can book the losses, effectively reducing the realised gains and hence also reducing the tax payable. This act of booking […]

It’s that time of the year when all of us have to sit down and plan our income tax returns. The last date to file your income tax returns for FY 2019-20 is December 31st, 2020, and traders need to file their Income Tax Returns (ITR) on time. Here’s why: the income tax department has […]

A super important part of trading is filing income tax returns (ITR), irrespective of whether you’re profitable or have made losses. Through the Markets and Taxation module on Varsity, we have not only explained all aspects of taxation, but also answered thousands of queries. It was obvious that just education isn’t enough, but we need […]

Traders, If you are investing or trading, you would need to declare your profits and losses for the financial year (FY) while filing your income tax returns (ITR). All equity investments under the head of capital gains, intraday equity trading as a speculative business, and derivatives trading as non-speculative business income. Check out the Varsity […]

Traders, Financial year (FY) 2017/18 is coming to a close on March 31st. We had a good run on the exchanges until Jan 2018, followed by the drawdown in the last two months. If you have net realized short-term capital gains this FY, and currently hold stocks which have unrealized losses – you have a tax […]

Traders, One of the most popular requests we get every tax filing season from traders on our education modules on taxation is, “Why don’t we also help them with tax filing and audits”. Introducing www.tradetax.in Tradetax is a Rainmatter initiative formed by a team of experienced Chartered accountant’s (CA) with trading knowledge. We are the same team which […]

“Check out our detailed module on taxation while trading/investing on varsity.” Note: This article might contain information that will not comply with the current tax laws. Please read the Taxation module on Varsity for updated information Traders, Taxation is an often neglected aspect especially more for people who trade/invest on the capital markets. With the […]

“Check out our detailed module on taxation while trading/investing on varsity.” Traders, FY 2014/15 has been a great year for the markets with over 30% increase in the benchmark Nifty index. There have been stocks that have been multi-baggers and there have been laggards as well. With a few days left for the end of […]

Traders, Firstly it is important to understand the difference between Assessment Year(AY) and Financial Year(FY). If someone is saying that he has just filed his returns for AY 2012-13, this means it is for income in the financial year 2011-12(Apr 1st 2011 to March 31st 2012). So technically AY 2012-13 and FY 2011-12 are the […]

“Check out our detailed module on taxation while trading/investing on varsity.” Traders, Taking care of taxation is a critical aspect of the business which every trader needs to plan in advance. As and when the Income Tax (IT) department in India is going completely online, their efficiency of spotting deficiencies, misfiling or wrong filing is […]

“Check out our detailed module on taxation while trading/investing on varsity.“ Traders, I have been trading personally for a very long time and the tax filing times have always been the most painful part, sitting with a CA and accounting for profits, losses, expenses and others. I was in similar shoes as most of you […]