Capital gain
This query is : Resolved
Amol Sureka
(Querist)
03 July 2015
Sir, I would lyk to know what expenses are allowed as deduction in computing capital gain from share trading. are demate charges allowed as deduction and what is the treatment for stt paid
CA. Sunil Gokhale
(Expert)
03 July 2015
STT is not allowed as deduction.
Only three deduction are allowed:
(1) Expenses on transfer
(2) Cost of acquisition (STCG)/Indexed cost of acquisition (LTCG)
(3) Cost of improvement/Indexed cost of improvement (LTCG)
Only three deduction are allowed:
(1) Expenses on transfer
(2) Cost of acquisition (STCG)/Indexed cost of acquisition (LTCG)
(3) Cost of improvement/Indexed cost of improvement (LTCG)
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