How to Report Expenses related to Trading?
When you connect an app under Business & Profession, your trading expenses such as brokerage, STT, GST, and more are fetched automatically. Here’s where to find them and how to add additional expenses if needed.
Direct vs. Indirect Expenses
- Direct expenses: Linked directly to your trading activity (e.g., brokerage, STT, GST) appear in the Incomes section.
- Indirect expenses: General business costs not tied to a specific trade (e.g., internet, electricity) appear under the Expenses tab.
Need Help?
Raise a ticket and our support team will assist you.
Related Articles
Expenses which can claimed against Capital Gains
When you sell an asset like property or securities, you can reduce your taxable capital gains by claiming certain expenses. These are costs directly related to the transfer or improvement of the asset. Important Note: You can only claim these ...
Import Trades & Report Business Income using Investment Apps
If you're trading in Intraday or Futures & Options (F&O), it's important to know that these are treated as business income under the Income Tax Act and must be reported under the Business & Profession (B&P) category. ⚠️ Since Intraday and F&O are ...
Add Direct and Indirect Expenses for Business
Adding business expenses accurately is essential for reducing your taxable income and ensuring correct profit reporting under the Income from Business & Profession head. What are Direct and Indirect Expenses? Direct Expenses These are costs directly ...
Report Scripwise trades for adding Capital Gains
Scripwise reporting allows you to consolidate all trades of a single security (scrip)—even if they were made on different dates—and report them as a single entry. The total gains or losses are calculated using the weighted average of buy/sell prices, ...
Report Form-10IA details in Tax Return
If you or your dependent has a specified disability like autism, cerebral palsy, or multiple disabilities, you may be eligible for a flat deduction under Section 80U or 80DD. To claim it, you’ll need to file Form 10-IA as proof. This form must be ...