Deductible expenses for share transactions
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 April 2014
Hi,
For calculation of the STCG on Share Transactions whether the following expenditure can be allowed as deduction:
1. STT
2. Transaction Cost
3. Stamp Duty
4. Service Tax
Thank you in advance
For calculation of the STCG on Share Transactions whether the following expenditure can be allowed as deduction:
1. STT
2. Transaction Cost
3. Stamp Duty
4. Service Tax
Thank you in advance
Nikhil Kaushik
(Expert)
08 April 2014
STT is not allowed as an expense. rest of the items are allowed.
Mitul Shah
(Expert)
08 April 2014
If it is a business transaction then u can claim expenses u/s.36(1)(xv), but in case capital gain transaction u can not claim STT as deductible expenditure.
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