EXPENSES DEDUCTIBLE WHEN COMPUTING CAPITAL GAIN FROM SHARES SOLD THROUGH DELIVERY AFTER PAYING STT

v ramachandran (retired) (35 Points)

29 July 2023  

I shall be thankful if any qualified Tax expert can clarify whether in addition to BROKERAGE, other expenses namely 1)GST 2) SEBI TURNOVER FEES 3)STAMP DUTY 4)EXCHANGE TRANSACTION CHARGES 5)DEMAT FOLIO CHARGES AND 6) DEMAT DELIVERY CHARGES  can be deducted from the Capital Gain earned by buying and selling shares ON DELIVERY  before arriving at the net Capital Gain liable for Income Tax.  STT is NOT deductible expense, and I need a clear cut clarification on the above mentioned heads with regards to the prevailing Income tax laws and rules.PL CLARIFY

V RAMACHANDRAN.

rvrv002 @ gmail.com