Stt paid not claimed

This query is : Resolved 
Quick Summary
This discussion clarifies how to handle Securities Transaction Tax (STT) when calculating short-term capital gains or losses (STCG/STCL). While STT itself cannot be claimed as an expense, other charges and statutory levies paid to your broker, excluding STT, are deductible from sale proceeds. This means you report the net profit or loss after deducting these allowable expenses.

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(Querist)
25 June 2023 Hi there,
I purchased 3 share on 2022 and sold within 1 year so it's my stcg or stcl.
Confussion: in my broker tax p/l statement they show that its my stcl.
Example : sales 80000
Purchase 79500
Stt paid 700
They show me it's my loss
In itr what did I show?
Sales 80000 - purchase79500 =gain 500?
As per my knowledge stt cannot be claimed as transfer exp.
Am I right? that's my stcg
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
25 June 2023 Correct. STT is not allowed as an expenditure while computing capital gains.
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Sayantan Chakraborty

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Sayantan Chakraborty (Querist)
25 June 2023 Sir,
Can I claim (total charges & statutory levies) amount which is excluding stt ?
I got the amount from My brokers statement
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
25 June 2023 Yes, all the expenses except STT levied over relevant sell transactions are deductible from the sell proceeds.
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