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?
CAclubindia
