In share trading there are various charges like brokerage, stt, gst, stamp duty, exchange fee, sebi turnover fee etc. So while calculating long/ short term capital gain from listed shares what are the charges from above list can claimed as a expenses or deductions when share trading is not done as business. I will be very much grateful if somebody will guide me on this.
and what is income tax law for this in section 48(i) I did not found any info on this.
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Expenses allowed on ltcg/stcg on shares
Replies (8)
In the case of sale of shares, you may be allowed to deduct these expenses:
a. Broker’s commission related to the shares sold
b. STT or securities transaction tax is not allowed as a deductible expense
a. Broker’s commission related to the shares sold
b. STT or securities transaction tax is not allowed as a deductible expense
Only STT or securities transaction tax is not allowed for capital gains, otherwise all other expenses incurred to earn the gain are deductible.
agree with Ms. neha and Mr. pankaj
Should I add all these expenses to
Should I add all these expenses other than stt to the cost of acquisition of shares
Should I add all these expenses other than stt to the cost of acquisition of shares
yes please add all expenses except stt
Thank you very much all
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