short term capital gains and STT
This query is : Resolved
Jiwanchand Kothari
(Querist)
29 July 2008
I am an investor and not a trader in stock market.When I purchase a share ,the broker charges STT. Whether this STT is includible in the cost of acquisition? Similarly while selling the share ,whether the STT charged is to be deducted as expenditure. Has there been any change in the provisions for A.Y. 2008-09
29 July 2008
stt will not be added to the cost & not to be deducted from sales consideration.
Ravikumar.G
(Expert)
30 July 2008
If it is not a business income STT will not attract.
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