Speculative Business Income (Intraday Share Trading)

Elimur Rahman (Consultant and Trustee in a TRUST)   (29 Points)

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