What expenses can be claimed on the sale of shares when income is classified as capital gains?
Expenses that are wholly and exclusively incurred in relation to the sale/transfer of shares are allowed to be deducted from sales income classified under the capital gains income head.
- Expenses such as brokerage charges, stamp duty, exchange levy, etc., can be claimed as expenses on your Income Tax Returns (ITR).
- However, Securities Transaction Tax (STT) and Annual Maintenance Charge (AMC) for your demat account cannot be claimed as deductibles.
