08 February 2011
expenses incurred to earn short term capital gain (sale of shares). i.e salary paid to a employee to transact shares (buying and selling) is allowable exp in computation of STCG ?
interest paid on loan taken to purchase of shares is allowable exp in computation of STCG?
08 February 2011
These are allowable expenditure in case you show it Trading Income or Business Income . You can claim more expenses under various other heads also.
Whereas in case of STCG you are not allowed such expenditure like employee's Salary, Interest on borrowed funds etc.
CAclubindia
