Business expense in share trading
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 December 2013
Sir,
I have incurred a speculative loss of Rs 43291 in share and fno trading in 2012-13 fy. My trading statement shows a total expense of Rs 63537/- under the following heads-
Brokerage-43216
Service tAX-4447
Securities transaction tax-10794
Transaction charge-3348
stamp-1730
My question is which of the above charges I can claim as business or trading expenses.
tHANKS
I have incurred a speculative loss of Rs 43291 in share and fno trading in 2012-13 fy. My trading statement shows a total expense of Rs 63537/- under the following heads-
Brokerage-43216
Service tAX-4447
Securities transaction tax-10794
Transaction charge-3348
stamp-1730
My question is which of the above charges I can claim as business or trading expenses.
tHANKS
CA PARAS BAFNA
(Expert)
13 December 2013
You can claim all the charges including STT
as business expense and can enhance the loss .
as business expense and can enhance the loss .
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