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Stt applicable or not

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Querist : Anonymous

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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
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CA CS Amit S. Kedia

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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.
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