Section 88e STT
This query is : Resolved
CA. Deepak
(Querist)
02 September 2008
Dear sir,
Can any one tell me how we get rebate of STT in ITR-IV where to put it in the ITR form. Please give me a Example of this STT transaction.
Thanking You,
With Regards,
Deepak Tiwari
Can any one tell me how we get rebate of STT in ITR-IV where to put it in the ITR form. Please give me a Example of this STT transaction.
Thanking You,
With Regards,
Deepak Tiwari
02 September 2008
There is a separate section given in the return form for giving particulars of Rebate u/s 88E.
The rebate is available for an amount calculated on the basis of Average Rate of Tax on income from securities on which STT has been paid and the rebate in any case can not exceed the amount of STT.
Average rate of tax is calculated by taking into account the income from all sources and the tax payable on such income before claiming rebate u/s 88E.
The rebate is available for an amount calculated on the basis of Average Rate of Tax on income from securities on which STT has been paid and the rebate in any case can not exceed the amount of STT.
Average rate of tax is calculated by taking into account the income from all sources and the tax payable on such income before claiming rebate u/s 88E.
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