Disallowance under section 40 (a)
This query is : Resolved
06 August 2009
Whether security transaction tax is allowed as an expense for Assessment year 2009-10 ?
06 August 2009
if your business is of trading in shares then it is allowed as deduction.
Otherwise this needs to be adjusted against the cost of shares or sale value as the case may be.
Otherwise this needs to be adjusted against the cost of shares or sale value as the case may be.
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