Capital Gains

Are brokerage charges deductible from capital gains?

For calculation of capital gains you can deduct Brokerage charges & Service tax there on but remember Securities Transaction tax (STT) is not deductible.

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Originally Posted by Sanjay

For calculation of capital gains you can deduct Brokerage charges & Service tax there on but remember Securities Transaction tax (STT) is not deductible.

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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.

Sanjay and Matrix - Your words are contradicting on some points. Please clarify who is correct?

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Originally Posted by Policy_expert

Sanjay and Matrix - Your words are contradicting on some points. Please clarify who is correct?

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Matrix is correct.