STT - Cost or not
This query is : Resolved
08 June 2010
Can we consider STT as a cost while buying & Selling of shares.
What are the TDS norm in case there is a short term gain for Non Resident investors.
Can TDS be charged or every Gain Transaction or it should be calulated on quaterly basis, after considering all the transaction of gain as well as loss
Thanks in advance
What are the TDS norm in case there is a short term gain for Non Resident investors.
Can TDS be charged or every Gain Transaction or it should be calulated on quaterly basis, after considering all the transaction of gain as well as loss
Thanks in advance
15 July 2010
STT in buying and selling is not a part of cost in capital gain and it is treated as exp. in business income
21 July 2010
rate of investment income for NR is 20% but short term gain it is 15%.
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