Deduction allowed from Short term capital gains
This query is : Resolved
07 December 2010
whether expenditure incurred wholly and exclusively to earn short capital gain on shares is allowed as deduction?????
Aditya Maheshwari
(Expert)
07 December 2010
Yes
Manmohan ACA, CS
(Expert)
07 December 2010
Yes (except STT) is allowed as deduction.
Aditya Maheshwari
(Expert)
07 December 2010
Yes all expenses except STT which is not an allowable expenses for calculating capital gains.
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