If I am using a laptop exclusively for F&O Trading, can I claim repair charges on it as a business expense while filing ITR?
Yes, you can claim laptop repair expenses as a business expense while filing your ITR. Since F&O trading is treated as a non-speculative business, you are required to file ITR 3 and report income from F&O trading as business income.
The laptop expense should be treated as Revenue Expenditure and will be included in your profit and loss account.
It is advised that you maintain a record(receipts or bills) of such expenses. You may be asked to present their proof in the future.
Hope this helps