Adjustment of Broker Commission In Capital gain
This query is : Resolved
29 August 2020
Hello Sir
Can we adjust commission paid to the broker for selling our property from the capital gain and if yes, does it mean that broker should issue us the receipt for the commission paid to him ? Thanks
Can we adjust commission paid to the broker for selling our property from the capital gain and if yes, does it mean that broker should issue us the receipt for the commission paid to him ? Thanks
30 August 2020
Yes. Can be claimed as Transfer Expenses. A document is important for proving the same.
31 August 2020
In case of sale of shares,
You may be allowed to deduct these expenses:
1. broker's commission related to the shares sold
2. STT or Securities Transaction Tax is not allowed as a deductible expense.
You may be allowed to deduct these expenses:
1. broker's commission related to the shares sold
2. STT or Securities Transaction Tax is not allowed as a deductible expense.
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