Darpan (Student) (81 Points)
05 December 2015Hello Friends,
As per Section 115JB, any long term capital gain which exempted u\s 10(38) of Income Tax Act and the same is not allowed as deduction while computing laibility as per MAY provision.
My query is whether STT paid on sale of long term shares will be allowed as deduction under MAT?
Thank you in advance.
CA Mehul Chudasama
(Chartered Accountant)
(618 Points)
Replied 08 December 2015
Yes, you don't have to add back that
CAclubindia
