Search: tax


 

HUF: Can it save you taxes? Here are the pros and cons of setting one up

You may have heard that setting up a Hindu Undivided Family (HUF) could help save taxes. In this blog, we discuss this in detail. There are fairly low barriers to setting up an HUF—any Hindu (including Jain, Buddhist, and Sikhs) can do so. Only the state of Kerala has abolished the concept of the joint […]

Founder's Office, Zerodha
0
20 Apr 2024
 

Can I claim Sec 54F tax benefit on selling foreign shares or ETFs?

Yes. Indian taxpayers can avail of the tax exemption under section 54F of the Income-tax Act against gains earned from selling foreign shares or ETFs if the money is utilised to buy or build a new residential house, provided the house is located in India. This means they won’t have to pay capital gain tax […]

Partner, Nangia Andersen India
1
09 Mar 2024
 

Income tax 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.

India's leading tax platform
3
03 Feb 2024
 

Income tax for stock market investors

Whether you’re a seasoned investor or just starting out, understanding the tax implications of your investments is crucial for making informed financial decisions. In this blog post, we’ll help you understand everything about income tax for investors.

India's leading tax platform
3
06 Jan 2024
 

Old vs New tax regime: Which one is better for you?

In the year 2020, the government introduced a new tax regime under which taxpayers can choose to pay tax at lower rates. In this article, we compare old and new tax regimes, and help you understand which one could be more beneficial for you by discussing the differences in tax rates, deductions, and exemptions.

Personal Finance, Varsity
0
27 Dec 2023
 

Everything about advance taxes

Why should investors and traders pay advance tax? Paying taxes is often seen as an annual ritual during the filing of Income Tax Returns (ITR). In reality, it’s a continuous process, and one aspect of this process that often goes unnoticed is advance taxes. Since the deadline for 3rd instalment of advance tax is approaching […]

India's leading tax platform
0
08 Dec 2023
 

How can traders avoid income tax notices?

Imagine you have diligently filed your Income Tax Return (ITR), well before the deadline, but still receive an income tax notice from the Income Tax Department (ITD). A lot of investors and traders face this situation every year. So we decided to highlight common mistakes that people make while filing their ITR, knowingly or unknowingly. […]

India's leading tax platform
10
23 Nov 2023
 

How to gift stocks, bonds and ETFs and the tax implications

Happy Diwali everyone, if this festive season you are looking to gift something to your loved ones, we think stocks, ETFs, and bonds are the perfect gifts, and they are quite literally gifts that keep on giving. They are also a great way to introduce your loved ones to investing and capital markets and in […]

India's leading tax platform
40
10 Nov 2023
 

Zerodha tax रिपोर्ट्स

अगर आप ट्रेडर है तब आपको tax ज़रूर फाइल करना चाहिए, चाहे आपको प्रॉफिट हुआ हो या फिर लॉस। ज़्यादातर लोग ये समझतें हैं की अगर उन्हें लॉस हुआ है, तब उन्हें tax फाइल करने की कोई ज़रूरत नहीं है, लेकिन ऐसा सोचना गलत है। आपको इसके लिए भी नोटिस मिल सकता है। हम जानतें […]

India's largest broker trusted by 1.3+ crore investors.
3
26 Jul 2022
 

Zerodha tax reports

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 […]

India's largest broker trusted by 1.3+ crore investors.
115
26 Jul 2022
 

Tax loss harvesting opportunity for fiscal year (FY) 2021-22

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 […]

India's largest broker trusted by 1.3+ crore investors.
162
21 Mar 2022
 

Tax loss harvesting opportunity – FY 20/21

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 […]

India's largest broker trusted by 1.3+ crore investors.
17
18 Mar 2021
 

How to easily file your taxes when trading at Zerodha with Quicko

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 […]

India's largest broker trusted by 1.3+ crore investors.
83
20 Nov 2020
 

Bootstrapping vs Funding – a tax arbitrage

Edited: 1st Feb 2022 after the budget announcement that surcharge on LTCG (Long term capital gain) of unlisted companies to be capped at 15%. Overall LTCG for unlisted companies now drops from 28.5% to 23.92%.  We get a lot of credit for bootstrapping Zerodha and building the business without raising professional money. I have always […]

Founder & CEO @ Zerodha
43
07 Aug 2020
 

Tax loss harvesting opportunity – FY 19/20

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 […]

Founder & CEO @ Zerodha
124
18 Mar 2020
 

Tax loss harvesting opportunity – FY 18/19

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 […]

India's largest broker trusted by 1.3+ crore investors.
164
19 Mar 2019
 

Tax loss harvesting opportunity – FY 2017/18

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 […]

Founder & CEO @ Zerodha
169
27 Mar 2018
 

Tradetax for income tax returns when trading

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 […]

Founder & CEO @ Zerodha
351
21 Jul 2016
 

Zerodha – your tax aide while you trade

“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 […]

Founder & CEO @ Zerodha
350
18 May 2015
 

Tax loss harvesting

“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 […]

Founder & CEO @ Zerodha
243
23 Mar 2015
 

Taxation for Traders – Introduction

“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 […]

Founder & CEO @ Zerodha
406
10 Jun 2013
 

Zerodha Email- Taxation

Dear Fellow Traders, It is that time of the year when all of us have to sit and plan for our income tax returns. I am sure many of you have an umpteen number of queries when it comes to taxation while trading equity, F&O, Commodities and Currencies. It is important to declare either profits […]

India's largest broker trusted by 1.3+ crore investors.
25
29 Jan 2013
 

Taxation Simplified

“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 […]

Founder & CEO @ Zerodha
22 Jan 2013
 

Five questions to ask your mutual fund distributor

Mutual fund distributors are intermediaries between investors and mutual fund (MF) houses. They earn a commission from the fund house for selling MF schemes to retail investors.  Mutual fund distributors must understand investors’ financial requirements to suggest the most suitable schemes. Investors must also ask the right questions to determine whether the distributor has higher […]

co-founder and CEO of AssetPlus
2
16 May 2024