If that is the case, then can we set off the business expenses incurred from the profits we made.(eg:data provider fee, computer cost, traveling expense to broker or internet connection charge)
Thank you for the effort diosys!!!
Thank you for the effort diosys!!!
Yea you can avail the deduction of all such expenses plus your tax payable can also be adjusted against the STT paid by you...
One biggest advantage is that the closing stock as on 31st March can be valued at lower of cost or market value...
Suppose you bought 100 Financial Technology for 2500 and on 31st March the value is 2300 then you can value your closing stock as 2300 and not 2500 thus saving tax on 200 /-...