STT

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 December 2010 SIR I WANT TO KNOW WHETHER STT PAID ON SALE AND PURCHASE OF SHARES CAN BE CLAIMED AS AN EXPENSE IN CASE OF SHARE TRADING BUSINESS. AND ALSO WHAT WOULD BE ITS TREATMENT IN CASE OF CAPITAL GAIN.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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13 December 2010 Allowable from business income but not from capital gains.

Querist : Anonymous

Querist : Anonymous (Querist)

13 December 2010 stt paid on purchase of shares can be claimed in case of business and stt paid on purchase cannot be included in cost for capital gain purpose

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Aditya Maheshwari

Aditya Maheshwari (Expert)
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13 December 2010 yes