STCG & LTCG Charges to account

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When calculating Short-Term Capital Gains (STCG) and Long-Term Capital Gains (LTCG), several charges are incurred during security transactions. These include brokerage, exchange transaction charges, GST, SEBI fees, stamp duty, and DP charges. While most of these can be accounted for as expenditure, it's important to note that Securities Transaction Tax (STT) is generally not allowed as a deduction under sections 111A and 112A of the Income Tax Act.

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(Querist)
14 July 2024 Following Charges are incurred during security transaction in both STCG & LTCG

1. Brokerage
2. Exchange transaction charges
3. CGST & SGST ( in total IGST)
4. Securities transaction tax
5. SEBI turnover fees
6. Stamp duty
7. Dp Charges
8. Annual maintenance Charges ( AMC)

Can we account all the above charges as expenditure while we calcualte STCG & LTCG
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
14 July 2024 Yes, you can account the above charges as expenditure while calculating capital gains.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
14 July 2024 Addition ... Item 4 .... STT not allowed, u/s 111A & 112A IT act.
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