13 September 2009
I WANT TO OPEN A PROPRIETORS SHIP FOR TRADING IN EQUITY SHARES. I WANT TO BOOK FOLLOWING EXPENSES: 1-BROKERAGE AND STT 2-TELEPHONE AND INTERNET EXPENSES 3.ELECTRICITY EXPENSES 4-COMPUTER REPAIR AND MAINTAINENANCE EXPENSES. 5-RENT 6-SALARY ETC. CAN I BOOK ABOVE EXPENSES AND WHAT KIND OF OTHER EXPENSES CAN I BOOK.
13 September 2009
Nature of business broker / Sub broker Or your business is having an trading account for first one you can book above exp not for own investment
19 September 2009
if you are being a broker then all the mentioned expenses should be booked and adhoc of such expenses allowed.
other expenses : there is no exhaustive list of such expenses but all those expenses which are incurred wholly in connection with business shall be allowed and you can book the same
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