Gopal Sharma

profession Trader by passion

[Gopal Sharma @CSGopalSharma]

@AdityaTodmal Trade through charts even on mobile and last year was profitable for the first time .. and following the same path for current financial year

[Gopal Sharma @CSGopalSharma]

@AdityaTodmal A

[Gopal Sharma @CSGopalSharma]

@vijaygoutamshar Bahut khub

[Gopal Sharma @CSGopalSharma]

@niki_poojary It's buy on dip

[Gopal Sharma @CSGopalSharma]

@VickyonBreakout Welcome back

[Gopal Sharma @CSGopalSharma]

@ITRADE191 Hogya khush .. great 👍

[Gopal Sharma @CSGopalSharma]

@ITRADE191 Sara to brokerage and tax m chala jayega ... Bachega kuch kya?

[Gopal Sharma @CSGopalSharma]

@Trendmyfriends kha gayab ho ?

[Gopal Sharma @CSGopalSharma]

@PatilBankNifty Close of market

[Gopal Sharma @CSGopalSharma]

@Trendmyfriends ITC?

[Gopal Sharma @CSGopalSharma]

@Trendmyfriends Niche jaana..

[Gopal Sharma @CSGopalSharma]

@PatilBankNifty @Trendmyfriends True

[Gopal Sharma @CSGopalSharma]

@darshitpatel84 HBPORTFOLIO ka stop h kya kuch jabse bataya h lower circuit hi thok rha h ?

[Gopal Sharma @CSGopalSharma]

@darshitpatel84 HBPortfolio ka kya karna h jabse dilaya h daily lower circuit thok rha h .. kuch SL rkhna h kya?

[Gopal Sharma @CSGopalSharma]

@darshitpatel84 Bhai tumhare kahne par HBPortfolio le lia ab tak 4 lower circuit laga cuka h .. batao uska kya karna h uske bad isko lunga fir tabhi

[Gopal Sharma @CSGopalSharma]

@darshitpatel84 HBPortfolio ka kya karna h kal hi buy kia h aaj lower circuit lag gya

[Gopal Sharma @CSGopalSharma]

@boyfromrural @iManasArora What about IDEA? They have also downgrade the stock price

[Gopal Sharma @CSGopalSharma]

@PatilBankNifty Now they are increasing lot sizes from 5 lakh to 20-30 lakh

[Varsity @ZerodhaVarsity]

Incurring trading losses can be tough, but if there's a small silver lining, you can offset these losses with profits from other investments to reduce taxes. First things first 🔍

Set-Off: Under the Income Tax Act, set-off means adjusting losses against income from another source within the same financial year. This helps to reduce taxable income and, thus, tax liability. ➖

Carry Forward: When losses cannot be completely set-off in the same financial year, the remaining losses can be carried forward to subsequent years. So, taxpayers can utilize these losses to offset future income. ⏩

💡 Losses from F&O trades can be used to set-off any other income except ‘salary’. For example, you can offset your losses with capital gains from stocks and mutual funds but not salary. If there’s any balance, you can carry forward these losses for 8 years. Remember, intra-day trading losses that are considered speculative, have slightly different rules.

Check out our detailed blog, which talks about the set-off and carry-forward rules for trading losses. The link is in the comments section. 👇🏼

Btw, this is part 4 of the tax series we publish every week until the ITR filing deadline. We address FAQs on trading & investment income, answered by @Quicko_official.

[Gopal Sharma @CSGopalSharma]

@ITRADE191 All bcz of HDFC Bank