Expenses which can claimed against Capital Gains
When you sell an asset like property or securities, you can reduce your taxable capital gains by claiming certain expenses. These are costs directly related to the transfer or improvement of the asset.
Important Note: You can only claim these expenses if they were actually incurred and are supported by valid documentation.
1. Claiming Expenses for Real Estate
You can claim:
-
Cost of Improvement
Expenses on renovations or additions (e.g. adding a floor, installing a new kitchen)
Note: Routine repairs and maintenance are not allowed
-
Expenses on Transfer
Brokerage, commission, and legal fees paid while selling the property
WebMobileWebSteps to Add These Expenses
- Navigate to File > Capital Gains > Real Estate
- Choose Add Real Estate Gains or open an existing entry
- Enter the details under Transfer Expenses or Cost of Improvement
- Save the entry once complete
2. Claiming Expenses for Securities
You can claim transaction-related charges such as:
- Brokerage
- Clearing charges
- Exchange transaction charges
- SEBI turnover fee
- Stamp duty
- SGST / CGST / IGST (if applicable)
These are typically auto-fetched from your broker’s P&L report, or you can enter them manually.
Steps to Add These Expenses
Navigate to File > Capital Gains > Securities
Choose Add Securities or Import from Broker
Ensure the imported data includes allowed transaction charges or Enter charges manually if uploading via Excel template.
Save the details once verified
MobileSteps to Add These Expenses
- Navigate to File > Capital Gains > Real Estate
- Choose Add Real Estate Gains or open an existing entry
- Enter the details under Transfer Expenses or Cost of Improvement
- Save the entry once complete
2. Claiming Expenses for Securities
You can claim transaction-related charges such as:
- Brokerage
- Clearing charges
- Exchange transaction charges
- SEBI turnover fee
- Stamp duty
- SGST / CGST / IGST (if applicable)
These are typically auto-fetched from your broker’s P&L report, or you can enter them manually.
Steps to Add These Expenses
Navigate to File > Capital Gains > Securities
Choose Add Securities or Import from Broker
Ensure the imported data includes allowed transaction charges or Enter charges manually if uploading via Excel template.
Save the details once verified
Need Help?
Raise a ticket to get in touch with us.
Related Articles
Report Scripwise trades for adding Capital Gains
Scripwise reporting allows you to consolidate all trades of a single security (scrip)—even if they were made on different dates—and report them as a single entry. The total gains or losses are calculated using the weighted average of buy/sell prices, ...Add Capital Gains from Sale of House Property
Capital gains arise when you sell a house property for more than its indexed purchase cost. The profit—or loss—from this transaction is treated as a capital gain or capital loss, and is taxable under the Income Tax Act. Web Mobile Web Add Real Estate ...Add Capital Gains on Foreign Securities and Real Estate
If you have dealt in foreign stocks or mutual funds, received ESOPs/RSUs from a foreign employer, or sold assets located abroad such as property, you are required to report the resulting capital gains when filing your taxes. Foreign Securities ...Add Capital Gains Manually
Add Capital Gains Manually Have Capital Gains transactions but can’t find your broker on our platform? No problem — you can easily enter your trade details manually in a few simple steps. Web Mobile Web Steps to Add Capital Gains Manually Navigate to ...Import Capital Gains using Investment Apps
Have capital gains from trading or investments? Whether you’ve made a profit or a loss, you can easily import your trade data and track your capital gains using integrated investment apps. What Falls Under Capital Gains? Capital gains arise from the ...