Ctt
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 January 2014
CTT PAID THROUGH COMMODITY EXCHANGE CAN IT CONSIDER AS ADVACE INCOMETAX. i.e. I HAVE PAY LESS INCOMETAX ON MY BUSINESS INCOME
REFER SEC 43(5)
REFER SEC 43(5)
18 January 2014
how is CTT related to income tax? there is no relation. they are two separate tax covered under separate laws...the only saving grace is that where you make loss on commodity exchange transactions, you can set it off against the business income
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