How can i know P/L from this image

#22
guys..

I want to keep some issues before all.

1. is there any traders community who will oppose of increasing all taxes..
--> if any tax applied other groups all people shut down their business and do hadthal on roads?? but what about taxes on traders.

2. im intraday trader in mcx. daily i trade with 10 to 15 lots qty.. around 5-8 trades.
--> means im paying brokerage+ all taxes around is equal approx 5k. (plz take it as ex figures)
--> when im in profit its fine to pay above all. but in loss why i have to pay??? Any solution for this.

3. Daily im (here im means intraday traders like me) generating 3k income to Indian Govt.. But still im not expecting from govt. But still they want income tax from me???
-->Im earning to live my self & for my food.
--> How can intraday traders earn money after deducting almost 60 to 70 percent???

4. No govt is ready to help me if i made losses.. but they want their money in taxes weather im in loss or profit. ( plz dont divide by congress or bjp or other parties.. just think in our point of view)

5. Some time even im afraiding to earn money cos of taxes... why this much of taxes???
Our traders dont have any other route to escape like black money.

6. I have studied some where in India only 10% people paying taxes..... think how much only traders are paying??? So India is running with corporates, employees, Alcohal, toboccoa and traders???

7. Why dont govt impliment small equal tax on all persons...

8. Plz guys .. wake up.. we have to united.... we also oppose taxes...

9. Only taxes paid when our trade in profits... if loss no taxes..

come on guys raise ur voice... i dont have knoweldge on taxes.. Im small person.. but i want ask above all to governament.

ur views most welcome.... plz pzl plzzzzzzzzzz raise ur voice..

Will start traders community... We also stop one day trading if any decession against us...
 
#23
One and the only "hartal" was tried by brokers and traders in 1992 when SEBI Turnover Fees was introduced.It did not last even for half a day.Brokers and traders can never come United as everyone is after making money.That time within half a day brokers started doing trades though they were supposed to be on strike.Truck operators can unite but brokers and traders can never unite and fight with the Government and Govt knows that.

So think of how we do business in spite of these taxes.We don't have a political lobby and vote bank so that politicians are always against stock market and brokers and traders as they consider us speculators.

Smart_trade
 

marimuthu13

Well-Known Member
#24
As suggested by ST da, we have to consider this all taxes and leives are integral part of trading business, we have to have mitigation plan to overcome this risks (of taxes ) associated with trading businesses...
 
#25
One and the only "hartal" was tried by brokers and traders in 1992 when SEBI Turnover Fees was introduced.It did not last even for half a day.Brokers and traders can never come United as everyone is after making money.That time within half a day brokers started doing trades though they were supposed to be on strike.Truck operators can unite but brokers and traders can never unite and fight with the Government and Govt knows that.

So think of how we do business in spite of these taxes.We don't have a political lobby and vote bank so that politicians are always against stock market and brokers and traders as they consider us speculators.

Smart_trade
Yes there is no united or union in traders...

But think how much money making all exchanges daily.. Its the huge money..

We are not asking for more felicities...

--> No tax on loss trades. Tax only on profit trades.. ( Some issues we can find.. but still govt easily can over come)

--> Plz increase incometax slab limit for traders... cos in these days 4 to5 lakhs is small income.

Suggest some more..

And why dont we take first step to start union from traderji.....
 

niftygupshup

Well-Known Member
#26
Yes there is no united or union in traders...

But think how much money making all exchanges daily.. Its the huge money..

We are not asking for more felicities...

--> No tax on loss trades. Tax only on profit trades.. ( Some issues we can find.. but still govt easily can over come)

--> Plz increase incometax slab limit for traders... cos in these days 4 to5 lakhs is small income.

Suggest some more..

And why dont we take first step to start union from traderji.....
Madhav bro
You have a misconception
FYI, there is no tax on loss, we wont have to pay any tax if we files a return for loss, only to do paper work OR compulsion of an audit and so compulsion to do audit related work and pay audit fees.
Secondly, why to ask an increase in IT slab limit for traders (no govt will do this). Why not do the opposite, why not decrease your tax liability by adjusting trading turnover, legally.
 
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#28
Madhav bro
You have a misconception
FYI, there is no tax on loss, we wont have to pay any tax if we files a return for loss, only to do paper work OR compulsion of an audit and so compulsion to do audit related work and pay audit fees.
Secondly, why to ask an increase in IT slab limit for traders (no govt will do this). Why not do the opposite, why not decrease your tax liability by adjusting trading turnover, legally.
No stt.. ctt .. brokerage... swachh bharath all etc... taxes should not apply if trader got loss in trade

Above all collect only on profits trades......

this i want to say.... sorry for my english
 
#29
No stt.. ctt .. brokerage... swachh bharath all etc... taxes should not apply if trader got loss in trade

Above all collect only on profits trades......

this i want to say.... sorry for my english
I am sure that intra-day is treated as speculative loss, and as such cannot be used for any deduction and bears direct 30% tax bracket irrespective of slab. This loss cannot be also used to cut profit or carry forward to next years.
 

marimuthu13

Well-Known Member
#30
I am sure that intra-day is treated as speculative loss, and as such cannot be used for any deduction and bears direct 30% tax bracket irrespective of slab. This loss cannot be also used to cut profit or carry forward to next years.
Intraday in cash market is speculation ...but trading futures is treated as business whether it is intra or positional
 

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