## Transfer Expenses
Expenses incurred by the assessee wholly and exclusively in connection with the transfer of the capital asset are deductible from FVOC.
### Typical Allowable Transfer Expenses
- Brokerage / commission paid to broker on sale
- Legal fees, stamp paper, registration charges paid by seller
- Advertisement expenses for the sale
- Travelling expenses for completing the sale
### Key Disallowance — Securities Transaction Tax (STT)
STT is NOT deductible as a transfer expense — neither against business income nor against capital gains. This is a specific statutory bar.
### Why STT is disallowed
Since LTCG on listed equity (Section 112A) is taxed at a concessional rate, the legislature has expressly disallowed STT as a deduction so that the same expense is not benefited twice.