Short term capital gain

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ASHISH (Querist)
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01 April 2018 Are demat charges allowed as expenses from short term capital gain on listed shares
what other expenses are allowed

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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01 April 2018 Cost of acquisition of shares will include brokerage, stamp duty etc. Demat charges - i assume you are asking about demat account maintenance charges is disallowed as expense

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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01 April 2018 Securities transaction tax paid on acquisition is also disallowed as expense

ASHISH

ASHISH (Querist)
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01 April 2018 In my trading account if i sell delivery shares from demat account a fixed charge of Rs 25 per company in a day is applicable and also brokerage and stamp duty is levied
Is this charge of rs 25 per company per day on delivery shares allowed as expense

Nikhil Kaushik

Nikhil Kaushik (Expert)
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03 April 2018 Ashish - what is the exact nomenclature of this charge?

ASHISH

ASHISH (Querist)
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03 April 2018 IN MY TRADING LEDGER ACCOUNT IT SAYS "DP CHARGES FOR NSE /(BSE) SETTLEMENT NO 12345"

CA Suresh Jain

CA Suresh Jain (Expert)
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03 April 2018 For calculation of short term gain for settlement No. 12345 the DP charges shall be deductible expense

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