Securiy Transaction Tax
This query is : Resolved
12 February 2008
An insurance company regularly invests huge funds in market for earning gains for policyholders.Can you please confirm if it needs to track the STT paid on the purchase of shares from the secondary market from Tax’s perspective.
Also, confirm the STT rate on equity.
Kindly revert asap. Its urgent.
Also, confirm the STT rate on equity.
Kindly revert asap. Its urgent.
15 February 2008
yes ,because it is not to be considered as exp. and not to be considered in capital gains.
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