Security transaction Tax

This query is : Resolved 

17 June 2008 What is the treatment to STT when we paid on paid on purchase of shares.it will consider under REBATE or add to purchases

17 June 2008 STT will never forms the part of Purchases but it will be allowed as REBATE u/s. 88E only when the assessee is engaged in the business of sale and purhcase of the Shares and not otherwise.



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