Deduction of Security Transaction Tax from Nutual fund Fund


This query is : Resolved 

Quick Summary
This discussion clarifies whether Security Transaction Tax (STT) can be deducted from mutual fund profits. It's confirmed that STT is not eligible for deduction from equity-oriented funds under sections 111A & 112A of the IT Act. However, for debt category mutual funds, STT can be deducted from the profit amount.

12 July 2023 whether security transaction tax deducted from Mutual fund profit while calculating Mutual fund profit short term or long term.

12 July 2023 No. not eligible u/s. 111A & 112A IT act.

12 July 2023 Sir,
Can I Deduct STT from Mutual fund profit amount.

12 July 2023 Not in case of equity oriented funds.
Yes, for debt category.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details