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Speculative Business Income (Intraday Share Trading)

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Elimur Rahman

Consultant and Trustee in a TRUST

29 Points Posted on 23 December 2021

Dear Experts,

I do have speculative income from intraday trading. As it is treated as business income. Please advise what are the expenses allowed in order to calculate net income from trading?

Whether STT (Security Transaction Tax), Stamp Duty, Brokerage, and GTS deducted on STT, or brokerage is allowed as expenses or not?

Thank you

Replies (2)

Quick Summary

This discussion clarifies which expenses can be deducted when calculating net speculative business income from intraday share trading. The consensus is that costs directly related to the trading business, including Security Transaction Tax (STT), Stamp Duty, and Brokerage fees, are permissible deductions. This helps traders accurately determine their taxable profit.