Dear Friends,
I am a salaried person and also do trading. I would like to know for my salary what will be the best IT Rule for me the old or new one. And what expenses i can claim against the FnO Trading Profits.
Expenses incurred by me for this trading are mobile / internet bills, software service charges, purchase of mobile device for trading,
Below are the approximate amounts of my earnings and deductions for FY 21-22 my Office doesnt deduct any TDS and i do file and pay my own taxes.
| Gross Salary | 950000 |
| FD interest | 240000 |
| SB Interest | 7800 |
| Dividend | 4500 |
| FnO Trading Profit | 50000 |
| Deductions | |
| Standard Deduction | 50000 |
| PF | 110000 |
| PPF | 55000 |
| LIC | 9500 |
CAclubindia
