Evidence of payment of securities transaction tax required in prescribed forms to claim deduction under section 88E. Rule 20AB requires that evidence of payment of Securities Transaction Tax for claiming deduction under section 88E be furnished in prescribed forms: Form No. 10DB for transactions entered in a recognised stock exchange and Form No. 10DC for sale of units of equity oriented funds to the mutual fund. Each form mandates identification details, a tabular schedule of transaction values and STT collected, and a verification declaration by the assessee; separate filings are required for different client codes, stock brokers, stock exchanges, or mutual funds as indicated in the instructions.
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Evidence of payment of securities transaction tax required in prescribed forms to claim deduction under section 88E.
Rule 20AB requires that evidence of payment of Securities Transaction Tax for claiming deduction under section 88E be furnished in prescribed forms: Form No. 10DB for transactions entered in a recognised stock exchange and Form No. 10DC for sale of units of equity oriented funds to the mutual fund. Each form mandates identification details, a tabular schedule of transaction values and STT collected, and a verification declaration by the assessee; separate filings are required for different client codes, stock brokers, stock exchanges, or mutual funds as indicated in the instructions.
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