Whether following share investment expenses allowable as per I.T. act? under the heads of business & profession ,while preparing computation of income.
1)STT paid on Share & Securities 2)Expenses paid on Share & Securities 3)Expenses paid on Share - F & O 4)Portfolio management Charges
AND
Interest received on FD & Interest received on income Tax whether taxable or not? under the heads of business & profession.
One of our client doesn't want to add back or less share expenses in investment cost, while purchase or sales of shares.So in this case can I disallowable this expenses?
CAclubindia
