Deduction applicable for STCG

[RAJDAGA2]

My short term gain is ₹5.00lakhs what all deduction applicable to me. Can we claim all expenses like STT

[Meher_Smaran]

@Quicko can you please help us here?

[Quicko]

Hey @RAJDAGA2,

Expenses that are wholly and exclusively incurred in relation to the transfer of shares are allowed to be deducted from sales consideration. Expenses such as brokerage, stamp duty, sales commission, etc. can be claimed as an expense while calculating the Capital Gains. However, Securities Transaction Tax (STT) is not allowed as a deduction.

Hope this clarifies!

[Bhupen_A]

@Quicko

Expenses that are wholly and exclusively incurred in relation to the transfer of shares are allowed to be deducted from sales consideration. Expenses such as brokerage, stamp duty, sales commission, etc. can be claimed as an expense while calculating the Capital Gains. However, Securities Transaction Tax (STT) is not allowed as a deduction.

Hope this clarifies!

as per query @RAJDAGA2 , @Quicko main query is that can we claim basic expenses, like internet bill’s or personal any expenses is can be exempt

[Quicko]

Hey @Bhupen_A,

No, such expenses cannot be claimed in case of capital gains.