Comment on Taxation for Traders - Introduction

Nithin Kamath commented on 17 Jun 2013, 12:49 PM


You are not taxed on a loan as it is a money you are borrowing to repay back. You will have to pay taxes on the profit and because it is f&O you can reduce the profit by your business expense. Business expense would include the interest you are paying back, your utility bills, computer costs, data feed costs etc. Do read the blog on taxation simplified and the Q&A at the bottom.

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