Capital Gains

[Rahul]

Are brokerage charges deductible from capital gains?

[Sanjay]

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

[Matrix]

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]

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

[Sanjay]

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