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Deduction allowed from Short term capital gains

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(Querist)
07 December 2010 whether expenditure incurred wholly and exclusively to earn short capital gain on shares is allowed as deduction?????
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
07 December 2010 Yes
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
07 December 2010 Yes (except STT) is allowed as deduction.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
07 December 2010 Yes all expenses except STT which is not an allowable expenses for calculating capital gains.

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