whether security transaction tax deduction available only to share brokers or any one can have dedution of STT in new ammendment. like if i have a demat account and my broker charges me the stt then i can claim deduction in my return or not.
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STT deduction
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The deduction of STT is available to anyone who purchases and sale shares in the course of business and hence pay STT on them..............
i want to ask that if assesse have another business and also deals in shares trading then from that he can claim deduction or not
yes.......if the assessee shows the profits and lossess of such shares in the return as profits and losses of business and not as capital gains/ losses, .STT can be claimed as a business expenses u/s 36(2)(xv)...............
Yes he can claim STT from his net tax liability from all businesses.
Sir, whether stt deducted by Stock Broker will be reflected in 26AS like TDS ?
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