Stt applicable or not
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 May 2012
Should the cost of acquisition of shares in company and the expenses incurred on transfer of the eq shares of a company exclude the Securities Transaction Tax (STT) for AY 2012-13 or not ?
Thanks in adv
Thanks in adv
CA CS Amit S. Kedia
(Expert)
22 May 2012
Dear user,
No deduction shall be allowed in computing the income chargeable under the head “Capital gains” in respect of any sum paid on account of securities transaction tax.
No deduction shall be allowed in computing the income chargeable under the head “Capital gains” in respect of any sum paid on account of securities transaction tax.
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