what are the expenses to be allowed while dealing speculation income from intra day trading
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Quick Summary
This discussion clarifies which expenses are allowable when calculating income from intraday trading. Generally, all costs listed on your contract note or broker's invoice, such as broker commission, telephone expenses, and STT, can be deducted. This helps reduce your taxable profit from speculative income.
Broker commission, telephone expenses, STT, or other incidental charges related to the intraday trading. I'm leaving the details in your inbox in case if you require any help.