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Capital Gain on Shares
I have income from shares and paid Brokerage both at the time of sale ans purchase. Is deduction of Brokerage available as cost of acquisition ?
Replies (5)
any expenditure incidental to the sale of capital asset is allowable deduction
it can't be added to the cost of acquisition it shud be shown as a deduction from sale consideration and on the net sale consideration cost of acquisition wud be deducted brokerage paid at the time of purchase wud be considered as cost of acquisition
STT and statutory due paid also allowed as expenditure ?
what statutory due you paid
STT and service tax... it should become my cost.
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