STCG- Treatment of expenses directly attributable to trade.

CA RASHMI RANJAN (Chartered Accountants) (97 Points)

22 July 2018  
Dear All,

Can you pls guide me how to deal with below list of expenses while calculating STCG for an assessee who was involved in trading in stock markets.

1. Interest expenses for availing additional exposures from stock brocker.
2. Brokerage paid for trading securities
3. STT paid on trading securities
4. Transaction charges levied by stock broker.
5. Service Tax and GST paid on above charges.

Thank you in advance for your support.

Regards
Rashmi Ranjan