Hi,
last year I had Short Term Capital loss . If I switch to Business Profits method
1. Can I offset that STCG loss against current year business gain accruing through share trading ? All share trading is delivery based.
2. What all deductions , rebates can I claim
STT paid on purchase/sale; stamp duty paid on daily turnover; DP charges on purchase/sale; annual DP maintenance charges; interest on borrowed capital; any other expenses such as travelling, consultancy fees etc?
thanks
last year I had Short Term Capital loss . If I switch to Business Profits method
1. Can I offset that STCG loss against current year business gain accruing through share trading ? All share trading is delivery based.
2. What all deductions , rebates can I claim
STT paid on purchase/sale; stamp duty paid on daily turnover; DP charges on purchase/sale; annual DP maintenance charges; interest on borrowed capital; any other expenses such as travelling, consultancy fees etc?
thanks