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Shares and STT

224 views 2 replies

Hi,

I purchased some shares in 2010, and I paid STT in purchase transactions.

Then I sold these stocks in 2021 and I paid STT in sale transactions.

How is this STT accounted for in the LTCG / LTCL calculations ?

 

 

Replies (2)

Account it in a separate STT exps head as these exps are not allowed as deduction in LT CG calculations

Thanks Roopali.

Do you mean that the STT deduction cannot be used to increase the purchase price unlike the brokerage, GST, Stamp Duty, Exchange Levy, SEBI turnover fees ?

Similarly, the STT expense cannot be used to reduce the selling price unlike   brokerage, GST, Stamp Duty, Exchange Levy, SEBI turnover fees ?

 

Are both of the above statements correct or only one ? 

STT cannot be accounted in the sale price as well as purchase price to reach LTCG/ loss ?

 

Please suggest.


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