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allowance of STT

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11 May 2009 as per new sec. 36(1)(15)
deduction for STT paid is allowed
Is it allowed only for asseesses carrying on bussiness of dealing in shares or for all?

11 May 2009 Finance Act 2008 has allowed the STT as Deduction u/s 36(1)(xv) to all who have paid the STT,similarly there will be no relief u/s 88 which was earlier allowed.

11 May 2009 It is only for assessees having income from dealing of shares as business income.




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