Comment on Taxation for Traders - Introduction

chetn commented on 04 Apr 2015, 12:32 PM


I wish to to clarify my doubts with regard to tax.
Imagine I am a fno trader total income from trading and salary is 4.5lakh. My tax will be 20000. Have paid 18000 for lic.
My question is
1. What will be my tax.
2. If I have brought a mobile of 15000 can it be shown as business expenses. If it can be I hope it is 4.5lk-15k while taxing.
3. What are other expenses usually shown.

Please don’t direct me to your tax link 🙂

Thank you,

View the full comment thread »