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STT ON SHARES

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(Querist)
11 April 2008 can u please tell me what is STT?
can i take stt as a deduction if i m doing intraday in shares?
can i set off against my buisness profit?
how it is reflected in balancesheet &
P&LA/cdiffrent cases like individual,company,firm,
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Jitender

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Jitender (Expert)
11 April 2008 stt is a tax which is paid on transaction of shares & which is allowed as exp from f.y2008-09
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CA Shailesh +91 9393926464

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CA Shailesh +91 9393926464 (Expert)
12 April 2008 Transaction should be carried out only at recognised stock exchange, then only STT is payable
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