C Income tax return for individual trading in derivatives
C Income tax return for individual in intraday trading
C Consolidation of Trading statements across multiple platforms
C Prepare Account Summary – P&L and Balance Sheet (up to 100 entries per year)
C Tax Return preparation & Filing by Experts
C Business Hours Expert Support – Email and Phone
C Excludes the Tax audit Fees
J Salaried Individual having income or loss from F&O Trading or intraday equity trading
J Self Employed traders who have income or loss from F&O Trading or intraday equity trading
‰ Purchase of Plan
‰ Upload documents
‰ Review computation sheet
‰ Return filed & acknowledgement generated
Estimated Time – 10 days
, Form 16 from your company
, Form 26AS Tax Credit Statement
, Trading account statement from your broker
, Bank statement if interest received is above Rs. 10,000
Ø Frequently Asked Questions.
Ø Who are the Expert’s who’ll be filing my return?
Ø ProKhata taps into its Expertnetwork and puts you in touch with a qualified CA. These Expert’s bring a combined experience of 40 years in foreign taxation
Ø How to calculate Trading Turnover?
Ø 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.
Ø What are other requirements if I am under a tax audit?
Ø Apart from regular documents and the tax audit report you would require Class 2 Digital Signature for submitting your tax return.
Ø What are the types of transactions under share trading and where are they reflected in the tax return?
Ø 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
Ø What happens to the loss incurred in Share Market?
Ø 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 retrun
Ø Do I have to provie login credentials to upload the audit report?
Ø Yes, you will need to provide login creditials so that the Expertcan upload the audit report.
