If you are importing your trading data through Quicko's Integration then your trades- turnover and profits and losses from Intraday and F&O will be auto-populated onto Quicko. We have migrated to a new version of broker APIs this year that now includes transfer expenses and corporate actions. Hence, your rates and taxes, and transfer expenses will be auto-populated in the expenses section since your profits and losses are calculated by deducting your expenses.
Steps to claim business expenses:
- Navigate to Incomes > Business & Profession
- Click on the broker you want to claim expenses for
- Go to the Expenses tab, click on Add and select the expense you want to claim
- Enter Expense Details
- Select the appropriate type of trading expense. If the expense is related to Speculative Trading Activity it can have an impact on carrying forward losses.