Itc on stock market trading
Tarun Shah (264 Points)
12 July 2023
I am trading in stock marketing can I take itc on stock market trading in brokerage
4 Replies
sabyasachi mukherjee
(27574 Points)
Replied 13 July 2023
Pls follow the return which you hv submitted
Pranjal Gupta
(141 Points)
Replied 13 July 2023
In general, Input Tax Credit (ITC) is a mechanism that allows businesses to claim a credit for the taxes paid on inputs (raw materials, goods, services, etc.) used in the course of their business. However, the availability of ITC may vary depending on the jurisdiction and the specific regulations in place.
Regarding stock market trading and brokerage, it's important to note that tax laws can be complex and vary from country to country. In some jurisdictions, expenses related to stock market trading and brokerage may not be eligible for ITC or may have certain limitations.
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