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Rahul
19-02-2009, 08:18 PM
Are brokerage charges deductible from capital gains?

Sanjay
19-02-2009, 08:21 PM
For calculation of capital gains you can deduct Brokerage charges & Service tax there on but remember Securities Transaction tax (STT) is not deductible.

Matrix
27-02-2010, 03:31 AM
For calculation of capital gains you can deduct Brokerage charges & Service tax there on but remember Securities Transaction tax (STT) is not deductible.
Just to add here - If you are not in a share trading business or an agent or a broker, the service tax, STT and interest paid are not deductible.

Policy_expert
27-02-2010, 03:42 AM
Sanjay and Matrix - Your words are contradicting on some points. Please clarify who is correct?

Sanjay
27-02-2010, 11:30 AM
Sanjay and Matrix - Your words are contradicting on some points. Please clarify who is correct? Matrix is correct.