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STT for purchase & sale of Equity Shares.

09 May 2021

Sir,
I am a Long Term investor earning income from Long Term Capital Gain for purchase & sale of Equity Shares more than 12th Months holding, paid STT on the both side purchase & sale can I add STT as cost of acquisition on purchase & deduct STT as expenditure on sales side.
need help.

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6 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 09 May 2021

Yes you can

Lotus Agrawal (Practice) (1356 Points)
Replied 09 May 2021

In my opinion If you are a trader you can claim it as expende but if you are an investor you can not claim it as expenditure.

veerendar singh (tax consultant) (3301 Points)
Replied 09 May 2021

No. dont claim as expenses on either side.

CMA Poornima Madhava (CMA) (13097 Points)
Replied 09 May 2021

Since you are an investor, you cannot claim STT as an expense. Further, since LTCG is exempt from tax (up to Rs.1 lac), expense incurred w.r.t. long term capital assets cannot be adjusted against income chargeable to tax.