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securities transaction tax

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(Querist)
15 March 2008 whether stt should be deducted from sales considration received from sale of shares for the purpose of calculating the short term/long term capital gain to achive the net sales considration ?
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Jitender Garg

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Jitender Garg (Expert)
15 March 2008 STT is not deductible from sale amount to calculate NET SALE CONSIDERATION.
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CA Saurabh Maheshwari

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CA Saurabh Maheshwari (Expert)
15 March 2008 NO DEDUCTION OF STT SHALL BE ALLOWABLE FROM SALE CONSIDERATION
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