Expenses on ltcg on shares

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220 Points Posted on 13 March 2019

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

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On 13 March 2019 at 13:22 Report
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512 Points Posted on 13 March 2019
as per proviso 7 to section 48, stt not allowed as exp
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On 13 March 2019 at 20:35
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Professional
247 Points Posted on 13 March 2019

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

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On 13 March 2019 at 21:03
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220 Points Posted on 13 March 2019
Thank you Madam
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On 13 March 2019 at 21:14

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