Can i purchase/take loan/pay rent commercial property & vehicle & deduct it from F & O income


#1

for example if i purchase / take loan / pay rent commercial / office space for F & O trading & also purchase vehicle to travel to that place .

can these be treated as part F & O business expenses & deducted

Thank you


#2

Yes. With no doubt all the expenses (except for capital expenditure) directly related to conducting your trading activity is deductible from your trading Income.