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Capital gain

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(Querist)
08 August 2012 Whether payment of Security Transaction Tax is allowable expense while calculating capital gain?
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srinath

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srinath (Expert)
08 August 2012 No payment of STT is not allowable expense while calculating Capital gain

You can refer to this for discussion

https://www.caclubindia.com/experts/stt-deduction-on-capital-gain-computation-260885.asp
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
08 August 2012 STT is specifically disallowed under Fifth proviso to Section 48.
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