sankalp (ASSOCIATE) (39 Points)
19 January 2022Which items are allowed to deduct w.hile calculating net capital gain for a salaried indvidual who do share trading on occasional basis.
Net Capital Gain = Sale value - buy value - other allowed charges (out of list given below).
| SEBI Fees |
| Stamp Duty |
| T/o Fee |
| Brkg |
| Demat Trans Chrg |
| GST |
| STT |
CA Aakarsh Jain
(CA)
(10431 Points)
Replied 19 January 2022
sankalp
(ASSOCIATE)
(39 Points)
Replied 20 January 2022
Thanks CA Akash Jain for your quick response. Break up of all charges is ready (scrip wise as well as aggregate basis). I was thinking that Stamp Duty, STT & GST (all things which goes to Govt) are not deductible while calculating Net Capital Gain Value. However, you replied back that all of them are deductible. Thanks for clarification.
CA Aakarsh Jain
(CA)
(10431 Points)
Replied 20 January 2022
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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