security transaction tax
This query is : Resolved
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?
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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25 February 2011
fifth proviso of section 48 provides that Security Transaction Tax is not deductible -- see bare act
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