Taxation of brokerage charges in profit / loss scenario

Taxation
1

While filling tax can we reduce the in the profit or increase the loss by adding the brokerage charges?

2

Hi @alwaysharsha

Trading Expenses – All charges and expenses that the trader pays for trading, he can claim as expenses. This includes Brokerage, Turnover Fees, Clearing Charges, Exchange Transaction Charges, STT, Stamp Duty, GST, etc.

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3

@Quicko what can I claim it against? Can I subtract these expenses from LTCG/STCG from equity/MFs.

Or only intraday/F&O gains?

4

If we are not using Trading as business then how to minus trading expenses?

5

Hey @tallerballer,

If the expenses are being incurred w.r.t. intraday/F&O trading, you can claim them as business expenses.

Moreover, for long-term and short-term gains as well these expenses except for STT can be claimed.

Hope these helps!

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