Are brokerage charges deductible from capital gains?
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.
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.Originally Posted by Sanjay
Sanjay and Matrix - Your words are contradicting on some points. Please clarify who is correct?
'When someone shares something of value with you and you benefit from it, you have a moral obligation to share it with others.'
Matrix is correct.
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