securities transcation tax
This query is : Resolved
24 July 2007
whether STT is disalowable as espenses on transfer while calculating Capital gain on both Purchase and sale i.e STT should not be added to the cost of acquition of investment and sale consideration should be taken as without deducting STT ? and
under which section ?
under which section ?
24 July 2007
hi!!
in case shares are held as investment then the STT paid on purchase n sale of shares shall not be added to purchase or reduced from the sale price and such STT shall not be allowed as deduction while computing capital gains as per the 5th proviso to section 48...
hope this clears your query...
in case shares are held as investment then the STT paid on purchase n sale of shares shall not be added to purchase or reduced from the sale price and such STT shall not be allowed as deduction while computing capital gains as per the 5th proviso to section 48...
hope this clears your query...
03 March 2008
STT cannot be claimed as deduction.
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