allowance of STT
This query is : Resolved
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?
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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