EXPENSES
This query is : Resolved
13 September 2009
I WANT TO OPEN A PROPRIETORS SHIP FOR TRADING IN EQUITY SHARES. I WANT TO BOOK FOLLOWING EXPENSES:
1-BROKERAGE AND STT
2-TELEPHONE AND INTERNET EXPENSES
3.ELECTRICITY EXPENSES
4-COMPUTER REPAIR AND MAINTAINENANCE EXPENSES.
5-RENT
6-SALARY
ETC.
CAN I BOOK ABOVE EXPENSES AND WHAT KIND OF OTHER EXPENSES CAN I BOOK.
1-BROKERAGE AND STT
2-TELEPHONE AND INTERNET EXPENSES
3.ELECTRICITY EXPENSES
4-COMPUTER REPAIR AND MAINTAINENANCE EXPENSES.
5-RENT
6-SALARY
ETC.
CAN I BOOK ABOVE EXPENSES AND WHAT KIND OF OTHER EXPENSES CAN I BOOK.
CA Satheesh
(Expert)
13 September 2009
Nature of business broker / Sub broker
Or your business is having an trading account for first one you can book above exp not for own investment
Or your business is having an trading account for first one you can book above exp not for own investment
CA Puneet Jethliya
(Expert)
19 September 2009
if you are being a broker then all the mentioned expenses should be booked and adhoc of such expenses allowed.
other expenses : there is no exhaustive list of such expenses but all those expenses which are incurred wholly in connection with business shall be allowed and you can book the same
other expenses : there is no exhaustive list of such expenses but all those expenses which are incurred wholly in connection with business shall be allowed and you can book the same
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