SECURITY TRASACTION TAX -1
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 ?
15 March 2008
Yes. It is an exp incurred in relation/connection to transfer. Hence, deductible
15 March 2008
NO, NOT AT ALL STT DEDUCTION SHALL BE ALLOWABLE FROM THE SALES CONSIDERATION.IT IS NOT CONSIDERED AS EXPENSE IN RELATION TO TRANSFER.
15 March 2008
THE RECENT BUDGET ALLOWS STT AS DEDUCTIBLE EXP.
R.V.RAO
R.V.RAO
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