Income tax for stock market traders

Whether you're a seasoned trader or just starting out, understanding the taxation of trading income can make a significant difference in safeguarding your hard-earned capital.

In this video, Vishvajit Sonagara, founder of ‪@Quicko‬ explains everything about taxation for traders. He explains why trading is considered a business income and what are the different ways traders can earn money in the stock market.

He further explains how is trading income taxed and the different expenses traders can claim to reduce their tax outgo. Furthermore, he explains how can traders set-off and carry forward losses. Finally, he covers audit applicability for traders and things they should know before filing their taxes.

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👉 Read and ask questions on income tax for traders here: https://qna.tax/t/how-are-profits-fro...
👉 Income tax for stock market investors:    • Income tax for stock market investors  
👉 Everything about advance taxes:    • Everything you need to know about Adv...  
👉 Taxes with Quicko playlist:    • Taxes with Quicko  

Chapters:

0:00 - Introduction
1:56 - Trading in stocks is just like any business
3:58 - How do traders make money and how is it taxed?
6:57 - Business expenses traders can claim
7:55 - Setting off & carrying forward trading losses
10:01 - Audit applicability for traders
11:52 - How to pay and file taxes as a trader
16:04 - Conclusion

👉 Learn more about Quicko: https://quicko.com
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