Recording expenses for F&O/intraday trading?


I know that brokerage and STT can be recorded as expenses against intraday/F&O trading income. Can the following charges also be recorded as expenses?

  1. Turnover Charges
  2. Service Tax/GST
  3. Stamp Duty
  4. SEBI Charges

I have a second question - when maintaining books of accounts - do we have to mention the brokerage and charges for every transaction? Or can we club these? The reason I ask is that I can’t see the brokerage or charges for individual trades anywhere in Zerodha Q. It would also be very cumbersome to record brokerage for every transaction.


You can claim all the Expenses incurred for doing trading. Apart from the list you have given any other expenses like internet , advisory etc… can be claimed under business.


Thank you so much for the clarification.