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Deduction of Security Transaction Tax from Nutual fund Fund

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(Querist)
12 July 2023 whether security transaction tax deducted from Mutual fund profit while calculating Mutual fund profit short term or long term.
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
12 July 2023 No. not eligible u/s. 111A & 112A IT act.
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Daya

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Daya (Querist)
12 July 2023 Sir,
Can I Deduct STT from Mutual fund profit amount.
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
12 July 2023 Not in case of equity oriented funds.
Yes, for debt category.

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