Zerodha Email- Taxation
Dear Fellow Traders,
Dear Fellow Traders,
I would like to thank and congratulate on this initiative…very helpful article.
Beyond tax the most wanted matter is about book keeping.
Through some guides with examples for us to keep Books properly.
Thank you for detailed explanations. I didn’t file my last yr loss. I will file this year loss for getting that benefit from loss.
Thanks for the initiative on taxation. I just want a clarification on profit/loss, suppose in Intra Day trading of commodities futures If I make 10 trades in a day, out of that 6 trades are profitable and rest of the trades are of loss Net profit of Rs 2000 after adjusting loss of Rs 1000 on the same day, my profit for the day for taxation purpose will be considered as Rs 2000 or Rs 1000 (i.e. 2000 – 1000).
Iam salaried person, and had taken loan from bank of 1 lakh which was invested , however i withdrew for personal reasons the remaining funds once 50000 and another 30000, 2 thousand odd rupees still remains in the trading account. I made a loss , When opening i put 10000 from my savings , however even that turned out to be loss. What form should i submit for IT returns?
I was out of Job from 2009 to 2010 April 30th and May 2011 to 2012 April 30th, but in 2012 May ,i got a job again.
I have one doubt. This year my friend purchased shares and took delivery using my demat account. He made profit of 5000 in that as short term capital gain. In this scenario, what is the procedure that can be followed as i would like to add this profit in my statements.
Is there any way to get the sum of all STT paid for the last financial year? Or at least a certified FORM NO. 10DB?
I am new to Zerodha and I am not sure whether this option exists or not.
Thanks in advance.
Just a reminder to get quick answer. is it not possible???
Thank you Zerodha.
Have done everything as per your instruction. But I am getting a 100+ daily bills in a single PDF report. I have to manually sum up all this STT to obtain a total STT.
Isn’t there any way to get a summary of STT paid?
I got it. I just looked at the Profit/Loss section of FNO and received the report to meet my requirement. Thanks anyway.
I’m a intraday/positional trader of futures and options.
in the time of income tax filling, i should show only the profits.
Did my profits come under short term capital gains(covered under section 111A)
if then how much % tax should i pay?
First of all thanks a ton and congratulations for this great initiative. No one cares for the clients so much. My query is as under:
If I make a long term loss on sale of tax free bonds can I set it off against long term gain on housing property?
can a govt servent can do future trading in his indiviual name or in huf account in which he is a KARTA as per sevice conduct rules.
I started trading from may-2014 only on F & O and my turnover is 75lac for 2014-2015. As per rule audit is needed (profit 16K – brokrage 34k)
but here in Pune CAs are asking very big amount for audit. I do not want to pay 25K to CA just for watching my excel downloaded from zerodha back-office.
Does zerodha provide any services for such cases. I have salary income + F & O.
Thanks Nithin for the reply. Hope next year I’ll just opt your services by just a single click on zerodha itself 🙂
Mr. zerodha, my question is which figure i should show as far as Income tax is concerned out of this two–(FY-2017-18)
i) Total F&O gross profit=85,590
ii) Total charges=39,309
Best check out the taxation module on Varsity.
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