Recording expenses for F&O/intraday trading?

Taxation
1

Hi,

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.

Thanks!

2

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.

2 Likes
3

Thank you so much for the clarification.