This discussion explains how traders can adjust margin fund trading interest and charges when filing their ITR-3 return. It covers specific examples for equity intraday and short-term capital gains, detailing how to include these costs in the acquisition cost for tax reporting. The advice confirms that both interest and pledge/unpledge charges should be added to the cost of acquisition.
09 August 2021
I am doing Equity Intraday Trading/ Short Term Trading and my broker is angel and angel is provided margin trading funding @18 PA+GST. F.Y. 20-21 i had earned 98k from intraday profit and 102k from short term capital gain and for the F.Y. 20-21 angel broking Interest charges on margin fund is Rs. 47k and charges for Pledge/Unpledge 5K. My question is how can i adjust these transactions in return please explain.