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

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  Steps to Add These Expenses

  1. Navigate to File > Capital Gains > Real Estate
  2. Choose Add Real Estate Gains or open an existing entry
  3. Enter the details under Transfer Expenses or Cost of Improvement
  4. 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

  1. Navigate to File > Capital Gains > Securities

  2. Choose Add Securities or Import from Broker

  3. Ensure the imported data includes allowed transaction charges or Enter charges manually if uploading via Excel template.

  4. Save the details once verified
     

  Mobile

  Steps to Add These Expenses

  1. Navigate to File > Capital Gains > Real Estate
  2. Choose Add Real Estate Gains or open an existing entry
  3. Enter the details under Transfer Expenses or Cost of Improvement
  4. 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

  1. Navigate to File > Capital Gains > Securities

  2. Choose Add Securities or Import from Broker

     

  3. Ensure the imported data includes allowed transaction charges or Enter charges manually if uploading via Excel template.

  4. Save the details once verified

  
  
   

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