Can nsdl charges be deducted from STCG on shares

825 views 4 replies

Sohil

Learner

631 Points Joined February 2010

I have made 12k profit last year as stcg ..Now for every stock sold there has been nsdl charges from exchange separately on my account...Its of 200 buks as total

Can i deduct the same from STCG and than state the remaining 11800 as NSDL charges...

Also i just received tax initmation U/s 143(1)...That i have paid 2 buks less than my total tax caluclation(paid 4600..4602 was due)...Is it necessary to make that payment or i might be charged like credit card company heavy penlaty even on single buks

Replies (4)

CA Amit Kanani

Practicing CA

338 Points Joined September 2008

Yes, that charges u can claim as deduction. , bcoz all exp. which r necessary to transfer asset is allow as deduction while computing CG. and nsdl charegs r necessary to transfer shares.

No , penalty will not heavy but pay bal.amount yaar,

Sohil

Learner

631 Points Joined February 2010

Thanks can i pay the remaining amount with the present tax or i do need to fill the necessary form for same..As i havent receive any letter to fill details as i used to get sometimes back..Its just plain intimation