treatment od stt&st on stcg
This query is : Resolved
01 March 2009
What will be the treatment on stt, st on stcg? Will it be added in cost of purchase and duducted in sale vlue??
01 March 2009
No.
STT paid on shares is not an deductible expenditure u/s 47(ii).
STT paid on shares is not an deductible expenditure u/s 47(ii).
01 March 2009
But as per new amendment stt is deductible
01 March 2009
It is deductible u/s 36(1)(xiv) "if the income from trading of shares is treated as income from business or profession".
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