While selling shares AMCs charge a Demat Charges or Delivery Charges for each ISIN which is shown in Legder by AMC. Can we show this amount (alongwith 18% GST levied on it by AMC) against "Expenditure wholly and exclusively in connection with transfer" and take deduction of same from Capital Gains in a F.Y.
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Expenditure wholly and exclusively in connection with transfer
Replies (3)
Yes. (except STT)
OK. Thanks
STT is by default included in Contract Note
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