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stt on equity shares

295 views 3 replies

shail

accountant

113 Points Posted on 24 August 2019

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)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

211596 Points Posted on 24 August 2019

No; if assessed u/s. 112/A of the act, ...

Shivam RC

Student

23688 Points Posted on 24 August 2019

No Securities Transaction Tax ( STT ) cannot be allowed as Deduction while computing either STCG or LTCG.

Kapadia Pravin

17264 Points Posted on 24 August 2019

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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