Securities Transaction Tax

Read section 111A

while calculating stcg u can deduct stt also along with purchase cost, tax will on net income.

Not allowable. Read section 48

⁴⁷[Provided also that no deduction shall be allowed in computing the income chargeable under the head “Capital gains” in respect of any sum paid on account of securities transaction tax under Chapter VII of the Finance (No. 2) Act, 2004.]