Tax impact of stt
This query is : Open
02 August 2009
what is the tax impact of a foreign company on which transaction tax is paid in that country is sold by a resident indian?
would it qualify for claiming exemption u/s 10(38) if securities transaction tax is paid by such assessee in a foreign country?
would it qualify for claiming exemption u/s 10(38) if securities transaction tax is paid by such assessee in a foreign country?
02 August 2009
You will have to check the rules of that country for taxability in that country. Exemption u/s 10(38) is applicable nly in respect of STT paid in our country on sale of shares held for more than 1 year
02 August 2009
My question is
whether STT paid in a foreign nation would qualify to claim tax exemption u/s 10(38) in India?
whether STT paid in a foreign nation would qualify to claim tax exemption u/s 10(38) in India?
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