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 ?

Helpful Tax, Investments and Retirement Mar 24

Viewed by 653

T D Bhatia (General Insurance Consultants)

Dear Mr.Ramakant Tiwari. Thanks for the information.

Mar 26

Ramakant Tiwari

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

Mar 26

YASHWANI SETHI

Bhatia ji, I have no idea about this. But so many will definately respond.

Mar 25

Rajesh Goel

not from the gains taxable under the income head Capital Gain

Mar 24

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