Securities transaction tax
This query is : Resolved
14 November 2013
Sir,
Whether securities transaction tax is refundable? If Yes How to take refund.. If No.. then why??
Whether securities transaction tax is refundable? If Yes How to take refund.. If No.. then why??
15 November 2013
Dear Sujeet,
No, its not refundable. Why no! well, it is allowed as an expense. 2. given that STT is a very miniscule amount in comparison to the benefits it give (in terms of exemption from LTCG), it act as an incentive for investors to hold their investments for longer period.
No, its not refundable. Why no! well, it is allowed as an expense. 2. given that STT is a very miniscule amount in comparison to the benefits it give (in terms of exemption from LTCG), it act as an incentive for investors to hold their investments for longer period.
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