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Expenses on ltcg on shares

Tax queries 217 views 3 replies

Sir

There are various types of charges are applied on share trading transactions e.g. brokerage, stt, exchange fees,stamp duty etc.

My query is while calculating LTCG should I claim all above expenses or only brokerage. I heard that people those show share trading as business can only claim all above expenses, others can only claim brokerage 

Please advise

Malhar Deshpande

Replies (3)
as per proviso 7 to section 48, stt not allowed as exp

Yes, STT is not deductible, but other expenses can be deducted.

Thank you Madam


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