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.

Understanding Direct vs. Indirect Expenses

Direct expenses: Costs that are directly related to earning your business income. These are tied to your core activity and vary with it (e.g., brokerage, transaction charges, or other trading-related fees).
Indirect expenses: Costs that support your business but are not linked to any single trade or transaction. These are more general in nature (e.g., internet, rent, electricity, office supplies).

Web

Mobile

Web

Where Trading Expenses Appear

Adding Direct Expenses

Trading expenses are treated as direct expenses and are fetched along with your trading income. To view them:

Go to File > Business & Profession
Select your business account → Incomes
Open either Intraday or F&O income

You’ll see a Direct Expenses field—this is the total of all trading expenses fetched from your broker.

Adding Indirect Expenses

Go to File > Business & Profession
Select your business account → Expenses
Click on Add> enter all the expense details and save