what is mean by security transaction tax? it considers how
during profit calculation of shares trading.

Answer Posted / ankur garg

As the name suggest STT is levied on transactions involving
securities.Securities transaction tax is levied both at the
time of purchsae and sell of securities.it is to be paid
only in case transaction is made through recognised stock
exchange ie. if transaction is not made through recognised
stock exchange no stt is to be paid.
If share trading is your business then it shall be allowed
as an expense for the purpose of calculating your profit or
loss from share trading and if u r not a trader but an
investor that no such deduction shall be allowed at the
time of calculating your short or long term capital gain,
as the case may be,

Is This Answer Correct ?    8 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Can u provided all the dues date and depositing date which are used in general manner or Income tax..

1268


how to calculate entry tax interest rate 2011-2012 assessment pending amt. is Rs.32000

1674


please share fy 2017-18 salary tds auto matic excel utility

996


can we do manual tds return file or r-tds is complusry? if we can do manual tds return file, where i have to go for return file. like we go to income tax department for Income tax return file in manula tds case.

2020


Please guide us about Forms and where is it will use i.e.Form C, Form h, Form F. if other form has please guide us about of that Forms?

1578






what is the vat rate of Saw dust powder in maharashtra

3868


Is there any criteria for percentage define of TDS rates? and What is the major advantage of introducing DTC and GST by Central Govt?

1472


How to calculate the TDS

1810


How do I get a C form with the bank Guarantee?

1258


in case of vehicle hired for staff pick up & drop for 1 month or 1 year, TDS is applicable ? if yes then which code is mention in challan & which rate is applicable ? in case of vehicle orner is personal or company which rate applicatble ?

1548


Dearlers Margin Received for Direct sale from our Creditor, that TDS deducted for us. How to accounting in my records in Tally ERP 9

1227


Q.No.1) I paid Salary to our staff after deduction TDS. what is the journal entry pass at that time of payment of salary only, and then at the time of payment of tds. and the last date for payment of TDS Q.No.2) Suppose I paid Salary In advance due to that officer is take business tour at the end of the month in after deducting TDS. Now What is the journal entry Salary Advance & Payment of TDS. and when i will pay TDS for This Situation. Kindly Help me

1919


should we can take modvat benefit any time or they have some limit time to take input benefit claim?

1997


tds will be charged by hotel industry on what

1285


Please guide in Taxation. I want to know the CHALLAN NO, FREQUENCY OF TAX DEPOSIT,FILING FORM NO, FREQUENCY OF FILING OF ALL TYPES OF TAX(DIRECT & INDIRECT)

2026