Tax Filing for Securities Traders
Salaried Individual or Self Employed traders having income or loss from F&O Trading or intraday equity trading.
Services Covered
Income tax return for individual trading in derivatives
Income tax return for individual in intraday trading
Consolidation of Trading statements across multiple platforms
Prepare Account Summary - P&L and Balance Sheet (up to 100 entries per year)
Tax Return preparation & Filing by Experts
Excludes the Tax audit Fees
Documents To Be Submitted
Form 16 from your company
Trading account statement from your broker
Bank statement
Other document, if any
FAQs
How to calculate Trading Turnover?
Turnover for Future and Options is the absolute value of each Profit and Loss trade during the year. For example, if you have a Profit of Rs.1000 and Loss of ₹500 from F&O, the turnover is ₹1,500.
What are other requirements if I am under a tax audit?
Apart from regular documents and the tax audit report you would require Class 2 Digital Signature for submitting your tax return.
What are the types of transactions under share trading and where are they reflected in the tax return?
Short Term and Long-Term Capital Gains form part of Income under the Head Capital Gains while trading in intra-day markets, F&O, Commodity, etc. fall under Income from Business and Profession
What happens to the loss incurred in Share Market?
Losses from shares in speculation business can be carried forward for 4 years, while all the other losses can be carried forward for 8 years provided the tax return is filed within the due date of the original tax return
