https://www.taxtmi.com/acts?id=9859 Section 88E grants a rebate equal to securities transaction tax paid in respect of taxable securities transactions forming part of business income, deductible against the income-tax attributable to that income, limited to the amount of such income-tax and conditional upon furnishing prescribed evidence of payment; the income-tax attributable to such income is determined by applying the average rate of income-tax, and statutory definitions of taxable securities transaction and securities transaction tax apply. en-us Wed, 22 Oct 2008 10:53:25 +0530 Wed, 22 Oct 2008 10:53:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=9859 Section 88E grants a rebate equal to securities transaction tax paid in respect of taxable securities transactions forming part of business income, deductible against the income-tax attributable to that income, limited to the amount of such income-tax and conditional upon furnishing prescribed evidence of payment; the income-tax attributable to such income is determined by applying the average rate of income-tax, and statutory definitions of taxable securities transaction and securities transaction tax apply. Act-Rules F. Acts / Amendment Acts Wed, 22 Oct 2008 10:53:25 +0530 https://www.taxtmi.com/acts?id=9859