securities transaction tax
This query is : Resolved
15 March 2008
whether stt should be deducted from sales considration received from sale of shares for the purpose of calculating the short term/long term capital gain to achive the net sales considration ?
Jitender Garg
(Expert)
15 March 2008
STT is not deductible from sale amount to calculate NET SALE CONSIDERATION.
15 March 2008
NO DEDUCTION OF STT SHALL BE ALLOWABLE FROM SALE CONSIDERATION
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