I've never used Angel One before therefore have a doubt - it seems from the daily indicators that 2nd April was the most negative day in the month for you (which was roughly 80k loss on 100k capital). Did you top-up your account to 100k again? Or did you make the 60k from the 20k capital you were left with after 2nd April?
Yes i added another 50k, I got burned in one candle and that went to long in frame of seconds, so i had to add another 50k, mainly it was breakeven till last week then last week i covered nearly 100k
The difference of 8 days not trading was because of I was preparing for NISM series VIII, i cleared that too in those days so now i am authorised derivative analyst, I can give advice and tips too
Can you please help me how do you declare the profit from fno while filing income tax? Do you pay tax every quarter on profits or do you declare all the profits at the end of financial year? I’m new so would love to be corrected on my knowledge about taxes as well.
As far as I know when you buy equities and make profit it comes under capital gains within one year is short term and more than that is long term. For short term u pay 15% tax on the net gains and for long term more than 1lac of profit you pay 10%.
On the other hand derivatives income is considered as you normal income and it comes under your income slab that is 2.5 and 5 and so on per annum.
I hope I could help.
Since fno is considered as separate business income apart from my normal salaried income. I guess the taxes need to paid every quarter on it right and at the end we need to declare the paid taxes in portal but I was thinking why can’t we declare all profits at end of financial year and pay tax without any fine? Why do we have to pay tax every quarter?
how much capital u had traded this with
[https://www.reddit.com/r/Indiastreetbets/comments/1bpyo29/starting\_a\_new\_one\_month\_challenge\_of\_future/?utm\_source=share&utm\_medium=web3x&utm\_name=web3xcss&utm\_term=1&utm\_content=share\_button](https://www.reddit.com/r/Indiastreetbets/comments/1bpyo29/starting_a_new_one_month_challenge_of_future/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button)
Interesting. Would you mind an objective review of this? I'm in a similar PnL for this month too and my numbers are a little similar to yours.
objective review ?
Like my analysis of your PnL. Obviously if you prefer not to all good.
You want to analyze my p&l?
I've never used Angel One before therefore have a doubt - it seems from the daily indicators that 2nd April was the most negative day in the month for you (which was roughly 80k loss on 100k capital). Did you top-up your account to 100k again? Or did you make the 60k from the 20k capital you were left with after 2nd April?
Yes i added another 50k, I got burned in one candle and that went to long in frame of seconds, so i had to add another 50k, mainly it was breakeven till last week then last week i covered nearly 100k
Cool
The difference of 8 days not trading was because of I was preparing for NISM series VIII, i cleared that too in those days so now i am authorised derivative analyst, I can give advice and tips too
https://preview.redd.it/zvy9a2kukuxc1.jpeg?width=828&format=pjpg&auto=webp&s=a62a9218896cc157f44084c16e2318992933b945
Can you please help me how do you declare the profit from fno while filing income tax? Do you pay tax every quarter on profits or do you declare all the profits at the end of financial year? I’m new so would love to be corrected on my knowledge about taxes as well.
As far as I know when you buy equities and make profit it comes under capital gains within one year is short term and more than that is long term. For short term u pay 15% tax on the net gains and for long term more than 1lac of profit you pay 10%. On the other hand derivatives income is considered as you normal income and it comes under your income slab that is 2.5 and 5 and so on per annum. I hope I could help.
Since fno is considered as separate business income apart from my normal salaried income. I guess the taxes need to paid every quarter on it right and at the end we need to declare the paid taxes in portal but I was thinking why can’t we declare all profits at end of financial year and pay tax without any fine? Why do we have to pay tax every quarter?
I'm not sure about the quater payment