security transaction tax
This query is : Resolved
UNNATI BHOJAK
(Querist)
19 September 2008
hello,
please solve my problem at the earlisest
i am a dealer in share market. i have stt debited in my p & L acccount now what wil be the tax effect of this ? other than rebate u/s 88e.
thank you
please solve my problem at the earlisest
i am a dealer in share market. i have stt debited in my p & L acccount now what wil be the tax effect of this ? other than rebate u/s 88e.
thank you
19 September 2008
Expenditure debited in profit and loss a/c on account of STT will not be allowed as an expenditure for tax purposes u/s 40(a)(ib)
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