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Is STT a deductible expense?

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 January 2011 Hey friends, as we all know that STT is paid by all on purchase of shares through recognized stock exchange.
Now, my question is that is STT a deductible expense ? i.e. can we add STT in cost of acquisition on purchase of shares in case I am an Investor?
Also answer that can it be added if I am a trader?
Thanks in advance
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
18 January 2011 Allowable for trader not for investor.

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