Claiming STT charges

Budding Star


Can someone please explain when STT charges can be deducted as business income.

I have some STCG (short term capital gains), and correspondingly have paid huge STT charges (almost 10% of gain). Can these STT charges be deducted as business expenses (and pay 15% tax on STCG)? I have some gains/losses in Intraday and FNO as well.


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Capital Gains - No.

F&O - Yes.

Intraday - IDK.

Deal Cadet Deal Cadet
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in STCG can not clain STT.

you can claim STT if you filr ITR-3 with trading as a business with P&L and balance sheet only for intraday equities and Futures and options and commodity futures.

Deal Subedar Deal Subedar
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Can brokerage be shown as loss and set off against stcg gains?

Deal Brigadier Deal Brigadier
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i dont think so but i am not sure
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Finance Mentor Finance Mentor
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I file itr2 through quicko and they deduct expenses like stt and brokerage amc etc as needed... I think that goes into cost of maintaining the securities head... Cannot explain further as it's automated...

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