@Diti_Savalia @TeamQuicko Can i claim Pledge/unpledge charges and collateral margin interest charges under trading expenses for F&O?
@Diti_Savalia @TeamQuicko @Aadil_Saiyed @Shrutika_Shah @AkashJhaveri @Surbhi_Pal Awaiting your response on the said query
Hey @Nishant_Khandelwal,
Sorry for the delay in getting back to you. Yes, you can claim expenses directly related to F&O trading, including pledge/unpledge charges and collateral margin interest, as part of your trading expenses.
@Diti_Savalia lets say if we buy an iphone from US (or got it from a relative), can we claim it as expense, because we don’t pay GST in india for that.
Hey @csteja,
You can claim the cost of the iPhone as a business expense in the form of depreciation, by considering it as a fixed asset, provided the mobile phone has been used for trading/business purposes.
Can I deduct STT, brokerage etc in STCG/LTCG?
Can I deduct trading fees charged by Delta Exchange(Crypto F&O)?
Can I hire chef for office and deduct his salary and all other cost ? (Just like google office) haha
Hey @Aaditya_Gupta,
Welcome to the community!
You can claim brokerage charges while calculating STCG or LTCG, but STT is not allowed as a deduction.
Yes, trading fees charged by Delta Exchange (Crypto F&O) can also be deducted, as they are directly related to the transaction.
Hope this helps!
Hi @Private,
Yes, you can claim any expense related to trading business!
Traders can claim expenses such as brokerage fees, internet charges, office rent, electricity, software tools, data subscriptions, education costs, and phone expenses directly related to trading activities.