EXPENSES DEDUCTIBLE WHEN COMPUTING CAPITAL GAIN FROM SHARES SOLD THROUGH DELIVERY AFTER PAYING STT

378 views 2 replies

I shall be thankful if any qualified Tax expert can clarify whether in addition to BROKERAGE, other expenses namely 1)GST 2) SEBI TURNOVER FEES 3)STAMP DUTY 4)EXCHANGE TRANSACTION CHARGES 5)DEMAT FOLIO CHARGES AND 6) DEMAT DELIVERY CHARGES  can be deducted from the Capital Gain earned by buying and selling shares ON DELIVERY  before arriving at the net Capital Gain liable for Income Tax.  STT is NOT deductible expense, and I need a clear cut clarification on the above mentioned heads with regards to the prevailing Income tax laws and rules.PL CLARIFY

V RAMACHANDRAN.

rvrv002 @ gmail.com

Replies (2)
Hello, any charges related to tax are not deductible. In your points, GST is not deductible. If you need any further details then please check out your inbox.
Delivery is not available except when mutually agreed.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details