Tax बचाने ka ज़बरदस्त तरीक़ा : Future और Options (F &O) ke loss को profit में अपने ITR के लिए बदलें

"Tax बचाने ka अस्ली तरीक़ा : Future और Options (F &O) ke loss को profit में अपने ITR के लिए कैसे बदलें !"

1. *Futures and Options (F&O):*
Derivatives traded in the stock market.

Offer high returns but involve risks.

2. *Tax Compliance:*
F&O transactions are non-speculative.

Losses on F&O transactions treated as business losses.

3. *Benefits of Declaring F&O Loss:*
Can be set off against other incomes.

Reduces overall tax liability.

4. *Provisions under Section 43(5):*
Loss on F&O transactions not taxable.

Allows deduction of certain expenses incurred during F&O trade.

5. *Which ITR to File:*
Income from F&O transactions reported in ITR 3.

Maintain accurate records for tax filings.

6. *When is a Tax Audit Necessary:*
Mandatory for turnover exceeding Rs. 5 crore.

Penalties for non-compliance.

7. *Takeaway:*
F&O losses can be beneficial for tax filings.

Stay updated with Income Tax Act provisions for maximum benefits.

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Regards
CS Piyush Jain
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