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<h1>Securities Transaction Tax deduction permitted where STT relates to stock in trade and income is included under business.</h1> Section 36(1)(xv) permits deduction of Securities Transaction Tax paid where the STT relates to taxable securities transactions entered into in the course of business and the income from those securities is included under Profit and Gains of Business or Profession; it applies when equity shares or equity oriented fund units are held as stock in trade and is directed at dealers and traders undertaking trading in the course of business.