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Tax on equity share income..

This query is : Resolved

Ankit chandak (Querist)
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25 June 2015 dear all, I want to ask that if m dealing in shares than I have to pay income tax on DAT...my question is DAT the STT which is charged when dealing in shares is itself IT tax or should I pay the IT by mentioning all my share transtions at the year end while filing the return and then pay upon the same..and one morewhether I have to mentioned in my return all the share translations done during the year...

Ankur Singhal

Ankur Singhal (Expert)
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25 June 2015 Dear Ankit
STT is not allowed to be set off against any income tax liability.
You have to pay whole tax calculated on the transactions.

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