STT on Equity Shares trascations.

Can the person doing Equity shares sale and purchase and paying STT against the same is entitled to get deduction of the same ?

Dear Mr.Ramakant Tiwari. Thanks for the information.
if you treat profit or loss from sale of shares as business income then you can claim STT paid as expenditure but if you treat profit or loss from sale of shares as Capital Gain then you are not allowed to claim STT paid as expenditure
Bhatia ji, I have no idea about this. But so many will definately respond.
not from the gains taxable under the income head Capital Gain
Post a Comment

Related Posts

Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
(Maximum 500 email ids allowed.)