Please Specify the Name which is given below, Deductible from Capital Gain / Loss from Shares, at the time of Sales and Purchase :- Brokerage Transaction Charges Stamp Duty Service Tax STT
Menu
Deductible Expenses from Capital Gain / Loss
Replies (1)
all charges except for STT are deductible as expenditure incurred for effecting the sale as per the provisions of Section 48.
Also by virtue of the amendments brought about by the Fianance Act 2008, if STT is incurred in the course of the business of trading in Shares etc then it is also deductible as a business expenditure..
However under no circumstances can it be deducted while computing Capital gains
Recent Threads
- Consortium Partnership: GST and TDS query
- Luxury premium car - Lease or Loan
- Income tax act 40 A (3)
- Transmission of deceased's shares in physical form
- Shall I pay GST payment for unkonwnly cancelled in
- Error in GSTR1 filing for October 25
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
Related Threads
CAclubindia
