stt on short term capital gain
This query is : Resolved
PAVAN SHARMA
(Querist)
07 January 2010
Dear Sir/Madam,
I have computed short term capital gain on shares under provision of section 111A at the rate 15% flat rate. I cliamed service tax and other charges as selling expenses for calculating short term gain on shares.
Further I would like to know that can I claim STT also as selling expense.
I have computed short term capital gain on shares under provision of section 111A at the rate 15% flat rate. I cliamed service tax and other charges as selling expenses for calculating short term gain on shares.
Further I would like to know that can I claim STT also as selling expense.
07 January 2010
No, STT on capital gain is not allowed for deduction purpose.
However, from A.Y. 2010-11 it is allowed as deduction u/s 36 only if that Gain on sale of shares is taxable under PGBP.
Regards!!!
Dinesh S. Adhikari
However, from A.Y. 2010-11 it is allowed as deduction u/s 36 only if that Gain on sale of shares is taxable under PGBP.
Regards!!!
Dinesh S. Adhikari
07 January 2010
No, STT on capital gain is not allowed for deduction purpose.
However, from A.Y. 2010-11 it is allowed as deduction u/s 36 only if that Gain on sale of shares is taxable under PGBP.
Regards!!!
Dinesh S. Adhikari
However, from A.Y. 2010-11 it is allowed as deduction u/s 36 only if that Gain on sale of shares is taxable under PGBP.
Regards!!!
Dinesh S. Adhikari
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