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expenses in acquiring capital gains

Tax queries 1132 views 3 replies

Hi,

 

Can brokerage and Demat charges paid while acquiring shares as investments can be claimed under expenses? Can it be deducted from capital gains to calculate total capital gains?

 

Thanks

 

Replies (3)

All the expenses relating to acquisition of shares would be added to cost of acquisition of shares whereas the expenses relating to sell would be deducted from sales consideration to arrive at the net capital gains

Brokerage is deductible exp. However, STT should not be considered as part of acq. cost or selling price. As far as demat charges are concerned, i think it's not deductible.

Hi Amit

I think, brokerage paid while acquiring shares will be added in the cost of Investment, but for Demat charges you have to claim as expenses separately. Demat Charges not to be adjusted with the Capital Gain.

Vivek

 

 


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