Comment on Taxation Simplified
Hi
I traded in equities, FNO and commodities in last FY, incurred losses. How do I declare all the three segments in ITR 4 ? I do trading full time from home. Can I add my house rent, electricity expenses, broadband charges, advisory charges etc to my loss while filing the returns ? Also, I work from home and is it possible to take the full value of electricity charges and rent for adding the loss or I have to work out some pro rata value for it ?
Could you please explain what is actual turnover, how one can calculate it ?
Thanks in advance.