Easy Office
LCI Learning

Disallowance under section 40 (a)

This query is : Resolved 
Profile Image

Profile Image

(Querist)
06 August 2009 Whether security transaction tax is allowed as an expense for Assessment year 2009-10 ?
Profile Image

chetan soni

Profile Image

chetan soni (Expert)
06 August 2009 if your business is of trading in shares then it is allowed as deduction.

Otherwise this needs to be adjusted against the cost of shares or sale value as the case may be.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links