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(Querist)
02 December 2008 1)is STT deductiable under income tax from income of speculative nature for Assmet year 09-10

2) was STT was allowed as rebate in Assmt year 0809??
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Kapil Arora

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Kapil Arora (Expert)
08 December 2008 Ans.1 The deduction under sec.88 of income tax act,1961 was ommited by finance act,08 so deduction is not allowed in A.Y 09-10
Though same was allowed in A.Y 08-09

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