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deduction of Expenditure on STCG on shares trading

This query is : Resolved 

25 May 2011 Dear Experts,
I have short term capital gain on shares trading where 15% tax (STT Paid) is payable. Now,I want to know that wheather various expenditure lile brokerage on sale and purchase of shares, STT, DI Charges etc are allowable or not while calculating the short term capital Gain.

Regards,

Sandeep Aggarwal

25 May 2011 STT IS SPECIFICALLY DISLLOWABLE'
ALL OTHER EXPENSES ARE ALLOWABLE
CA MANOJ GUPTA
JODHPUR
09828510543



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