Can I deduct wire Transfer and Demat expense from capital g - Income Tax Forum - Chartered Accountants India,Taxpayers, CAs India, CA india ,ICAI, Company Secretary ,CS, Cost Accountants, MBA, Finance Professionals

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anilb
SE
[ Scorecard : 26]

Posted On 23 July 2009 at 22:00

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I have capital gain through stock selling in company listed in US (thro' ESPP).

Broker charged a fixed amount of Transaction fee (wire transfer rate and brokerage).

Can I deduct these transaction expense from my Capital gain.

Thanks,

a b

Aditya Maheshwari
CA
[ Scorecard : 4891]

Posted On 24 July 2009 at 12:31

Yes since it is paid specifically for the said transfer

tarun sharma
ca final student
[ Scorecard : 273]

Posted On 24 July 2009 at 18:24

it will be deducted from sales consideration as transfer exp.