I have business income turnover Rs.6,50000/- Yearly. And share trading activities like day trading, delivery based short-term trading and future and options share trading activities.
Now my question is this can I have audit
books of accounts. And what is my main business share trading or first
one(jobwork income).
Second think can I claim expenses like brokerage,STT and other charges which was charged by broker in my PnL account.
Or I can filled this income(stock market) as my capital gain income.
I have speculation gain of Rs.19500 with turnover of Rs.10,00,000/-. I have short term gain of 60,230/- with turnover of Rs.80,00,000/-(eight lakhs). I have F&O gain of Rs.5565/- with turnover 15,00,000/-(fifteen lakhs).
Please guide me.
Thank you and ask for a fine reply.
Yes you can aduit your account if you want
first one is your business income then share trading infact if I say both is your income
speculation is comes under business income a long with your business income
yes you claim expenses also
CAclubindia
