STT - Cost or not
This query is : Resolved
Prakash Mohta
(Querist)
08 June 2010
Can we consider STT as a cost while buying & Selling of shares.
What are the TDS norm in case there is a short term gain for Non Resident investors.
Can TDS be charged or every Gain Transaction or it should be calulated on quaterly basis, after considering all the transaction of gain as well as loss
Thanks in advance
What are the TDS norm in case there is a short term gain for Non Resident investors.
Can TDS be charged or every Gain Transaction or it should be calulated on quaterly basis, after considering all the transaction of gain as well as loss
Thanks in advance
CA. Anoop Gadia
(Expert)
15 July 2010
STT in buying and selling is not a part of cost in capital gain and it is treated as exp. in business income
CA. Anoop Gadia
(Expert)
21 July 2010
rate of investment income for NR is 20% but short term gain it is 15%.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- TDS on Dashcam rent and allied services
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Gift to nri relatives residing in usa
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Urd purchase entry in tally prime
- TDS- 2026-27 Q1 Correction
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
