STCG Tax Refund: How to Claim Tax Deducted by Broker

• Learn how to claim a refund on Short-Term Capital Gains (STCG) tax deducted by your broker.
• Set off short-term capital losses against short-term capital gains on which tax has already been deducted.
• If tax was deducted, you might be a non-resident; brokers typically don't deduct tax for residents on capital gains.
• Verify tax deductions via your Annual Information Statement (AIS) on the income tax website.
• Notional losses on unsold shares cannot be adjusted; only booked losses from sold shares are eligible for set-off and refund claims.