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stt on equity shares
can stt paid while selling equity shares be deducted as expenses while calculating long term capital gain and short term capital gain of equity shares?
Replies (3)
No; if assessed u/s. 112/A of the act, ...
No Securities Transaction Tax ( STT ) cannot be allowed as Deduction while computing either STCG or LTCG.
It's by default allowed as stt is levied in the share market contract bill and net amount is only paid or received. And these transactions are under 112A
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