Computation of Capital Gain

This query is : Resolved

BHAVESH (Querist)
Follow

03 June 2011 What item add/substract from purchase/sale of share for computing Capital Gain? is it differ in case of Investment or trading? or for long term or short term?

(Brokerage,Demat Delivery Charges,Stamp Charges, Service Tax, Securities Transaction Tax,Other Charges)

Sunil Kr. Sanganeria

Sunil Kr. Sanganeria (Expert)
Follow

03 June 2011 All expenditure as mentioned by you except STT is not deductible while computing Capital Gain

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

03 June 2011 I agree with expert and want to further add that in case of trading STT and actual business expenses like telephone, interest, office rent etc can also be deducted.

Upgrade to CAclubindia Pro. Subscribe Now!