Deductible expenses for share transactions

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 April 2014 Hi,

For calculation of the STCG on Share Transactions whether the following expenditure can be allowed as deduction:

1. STT

2. Transaction Cost

3. Stamp Duty

4. Service Tax

Thank you in advance

Nikhil Kaushik

Nikhil Kaushik (Expert)
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08 April 2014 STT is not allowed as an expense. rest of the items are allowed.

Mitul Shah

Mitul Shah (Expert)
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08 April 2014 If it is a business transaction then u can claim expenses u/s.36(1)(xv), but in case capital gain transaction u can not claim STT as deductible expenditure.