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EXPENSES

This query is : Resolved 
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(Querist)
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.
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CA Satheesh

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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
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CA Puneet Jethliya

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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
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