How to claim deduction after trading on other people capital in F&O

Yashwant Kumar (1 Points)

12 January 2022  

I pool some of my friends capital and trade with a single individual account. So i get a combined p/nl statement from my broker. We share profit among us. As The account is in my name i have to file taxes. So how can i sett off profits given to my friends and pay tax on my own net profit