Shares and STT

271 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.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

Sahil Agarwal & Company

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details
Company
Featured 18 July 2026
Senior Manager- Finance & Accounts

apricus india

Ahmedabad

CA

View Details
Company
23 July 2026
Semi qualified CA

Garg Bros & Associate CA

New Delhi

CA Inter

View Details