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sec 36(1)
for a dealer in shares and securities, securities transaction tax paid in a recognized stock exchange is permissible in business expenditure. this statement is true or false
Replies (4)
No Not Permissible
Not permissible for equity shares since there is discounted taxation on those. Permissible in case of derivatives and day trading. It is also permissible when you trade equity shares as stock-in-trade i.e as part of your business.
Thanks a lot sir
you are welcome
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