Capital gain
This query is : Resolved
08 August 2012
Whether payment of Security Transaction Tax is allowable expense while calculating capital gain?
08 August 2012
No payment of STT is not allowable expense while calculating Capital gain
You can refer to this for discussion
https://www.caclubindia.com/experts/stt-deduction-on-capital-gain-computation-260885.asp
You can refer to this for discussion
https://www.caclubindia.com/experts/stt-deduction-on-capital-gain-computation-260885.asp
08 August 2012
STT is specifically disallowed under Fifth proviso to Section 48.
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