I have a gross short term realised gains for this financial year, but when I deduct the total DP charges for the year the net gains goes down significantly. So can I minus the DP charges and include only the net Short term gains while filing the ITR?
Thank you for your response. But I want to confirm, can DP charges be deducted from STCG while filing ITR.
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Short Term Capital Gain (STCG) is covered under the Capital Gain Income Head. Hence you can claim all the transfer expenses except STT (Securities Transaction Tax) while filing ITR.
Hope this helps! For any further questions feel free to connect with us here at Quicko, we’ll be happy to help!
Thank you @Quicko team for the response and also @siva-reddy for guiding the query to the right team.
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Yes, you can claim DP Charges while calculating STCG. Since this is an expense incurred exclusively in connection with the transfer. And it will reduce your total taxable STCG.
Also, you can set off your STCG against Long Term Capital Loss (LTCL) if you have any.
Read More: Set off and Carry forward of losses under the Income Tax Act.
Hope this helps. 
Hi @Quicko ,
I do not have Capital gains but only FnO trading as Business. But as i have pledged my shares for collateral i have DP and pledge charges. How do i claim these charges? Are they direct or Indirect exp? can i add them to the FnO expenses. Please guide me. Thanks
Hi Abhishek,
Yes, you can claim these charges as expenses to your F&O trading business. They will be considered indirect expenses.