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security transaction tax

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(Querist)
25 February 2011 there is provision to not to deduct sst while computing capital gain. but in the practical solution book of girish ahuja he done some sums with deducting it, is it possible?
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Kumar Babu.G

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Kumar Babu.G (Expert)
25 February 2011 No,there is no any provision for deduction of SST.Deductions available are - Expenses during tranfer,Cost of Acquisition and Cost of Improvement.
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
25 February 2011 fifth proviso of section 48 provides that Security Transaction Tax is not deductible -- see bare act
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