advertise
advertise
Home > Experts > Income Tax > Is demat charges allowable as expense for investor in shares


Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Is demat charges allowable as expense for investor in shares (Income Tax)

Report Abuse
This query is : Resolved


( Author )
07 November 2012

Dear Sir,
Company is Broker and invests in shares/securities and make Short term and Long term Capital gains by purchasing and selling..
Can Company claim Demat charges paid by it on these transaction as Expense or can it take deductions from Capital Gain(Short/Long term)
ITO is Disallowing Demat Expenses Claimed as exp by Company is he correct in doing so?

Please provide relevant case law if any.

Thank You.


Aditya Maheshwari

( Expert )
07 November 2012

If disallowed under business & profession ask him to give deduction under the head capital gains as expenditure on transfer.


Previous

Next

You need to be the querist or approved CAclub expert to take part in this query .


Click here to login ( Members Login ) now


Similar Resolved Queries :









submit










Quick Links





back to the top