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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STT for purchase & sale of Equity Shares.
Replies (6)
Yes you can
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.
No. dont claim as expenses on either side.
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.
Sir,
l am an investor & all purchases are investment my intention is earning divided and also Long Term appreciation of value.
l am an investor & all purchases are investment my intention is earning divided and also Long Term appreciation of value.
In that case you cannot claim STT as expense.
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