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Securities transaction tax

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(Querist)
08 February 2010 is STT is a part of cost aur is treated as advance tax
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CA Amit Kumar Hallen

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CA Amit Kumar Hallen (Expert)
08 February 2010 STT is not a advance tax. STT is also not the part of cost of share but it will be separately shown in p & l a/c of traders.
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parulgoyal

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parulgoyal (Querist)
08 February 2010 but stt shown in p & l a/c when its income is treated as a business income. what happened when this income is not shown as a business income?
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parulgoyal

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parulgoyal (Querist)
08 February 2010 but stt shown in p & l a/c when its income is treated as a business income. what happened when this income is not shown as a business income?
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CA Amit Kumar Hallen

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CA Amit Kumar Hallen (Expert)
08 February 2010 than STT is like expenses which is not allowed

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