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Future & Options Trader ITR and Audit

Are brokerage and transaction charges deductible for F&O trading?

Yes, brokerage and transaction charges incurred during Futures and Options (F&O) trading are deductible as business expenses when calculating the income from F&O trading, which is treated as business income under the Income Tax Act of India.   Here's a breakdown of the deductibility:   1. Brokerage Charges: These are directly related to your F&O trading activities and are allowed as a deduction from the income generated through F&O trades.   2. Trans


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