Help needed as to where to show this as expense

187 views 1 replies

Dear All

I am a salaried person and I do trading and some investing in equity markets. 

I file ITR-4 every year as I do Equity, Futures and Options, which are mostly on the losing side.  Analysing that my skills are stupid enough, I decided to take up an Equity subscriptttion service for a year, which costed me Rs. 30000.  Now, can I show this as expense in ITR-4 and if yes please tell the section and point number in ITR-4, where I could show this as expense

Thanks a lot

Replies (1)
Pls consult With CA .

Because in caes of Trading there is many things to check whether you have doing intraday trading or long term investor etc. after review all these things he will consult you what to do.

Nad if you want to claim expenditure then you need to prepare Profit and bL and Balance sheet etv

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