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
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