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STT treatment on shares

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 October 2010 Dear All,
If person is doing business of sale/purchase of shares, wheather STT is allowed as deduction or not?
Kindly Reply me early?

CA Hitesh Kumar Agarwal
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
14 October 2010 STT allowable expenses in case of business of trading in shares as per section 36(1)

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