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Capital Gain on Share Trading

Others 273 views 3 replies

sankalp

ASSOCIATE

39 Points Posted on 19 January 2022

Which items are allowed to deduct w.hile calculating net capital gain for a salaried indvidual who do share trading on occasional basis.

Net Capital Gain = Sale value - buy value - other allowed charges (out of list given below).

SEBI Fees

Stamp Duty

T/o Fee

Brkg

Demat Trans Chrg

GST

STT

Replies (3)

CA Aakarsh Jain

10436 Points Posted on 19 January 2022

All of them are deductible but you have to feed them per share wise. You can take my help if needed. For that check my contact details in your inbox

sankalp

ASSOCIATE

39 Points Posted on 20 January 2022

Thanks CA Akash Jain for your quick response. Break up of all charges is ready (scrip wise as well as aggregate basis). I was thinking that Stamp Duty, STT & GST (all things which goes to Govt) are not deductible while calculating Net Capital Gain Value. However, you replied back that all of them are deductible. Thanks for clarification.

CA Aakarsh Jain

10436 Points Posted on 20 January 2022

Yes except taxes other things are deductible if you are showing your income under the head capital gains but all expenses are deductible if you are treating them income under business and profession