The following are expenses of transfer, allowed to be deducted from sale consideration for calculation of capital gains, except:
A. Brokerage and interest
B. Registration & stamp duty
C. Securities transaction tax on sale of equity shares when sold through stock exchange
D. Travelling expenses incurred in connection with transfer
Answer:C
The following are expenses of transfer, allowed to be deducted from sale consideration for calculation of capital gains, except:
A. Brokerage and interest B. Registration & stamp duty C. Securities transaction tax on sale of equity shares when sold through stock exchange D. Travelling expenses incurred in connection with transfer