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Expenses allowed on LTCG/STCG on shares

Tax queries 303 views 1 replies

When someone purchases equity shares he pays brokerage stamp duty gst etc., when he sells shares he pays brokerage and all above again. stt is not a expense. So while calculating total expenses, to calculate LTCG/ STCG, Can one add up expenses for buying and selling both? or expenses occured while selling only. What about gst.is it allowed as expense or not?

I will be thankful if somebody clarify above thing

Replies (1)
You have to consider value (buy and sale) as per contract note issued by the broker) . And the determine LTCG /STCG

Contract note value takes care of all charges such as brokerage STT GST exchange charges etc.


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