https://www.taxtmi.com/forum/issue?id=913 Whether STT on loss making speculative trades qualifies for rebate under section 88E hinges on treating speculative and delivery based share trading as a single business; if they share common management and unified accounts, STT on all transactions can be aggregated and an average tax computed to allow rebate under a combined method, though revenue may dispute entitlement for STT on loss making transactions, risking litigation. en-us Tue, 23 Sep 2008 14:26:37 +0530 Thu, 23 Jan 2025 15:58:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=913 Whether STT on loss making speculative trades qualifies for rebate under section 88E hinges on treating speculative and delivery based share trading as a single business; if they share common management and unified accounts, STT on all transactions can be aggregated and an average tax computed to allow rebate under a combined method, though revenue may dispute entitlement for STT on loss making transactions, risking litigation. Discussion-Forum Income Tax Tue, 23 Sep 2008 14:26:37 +0530 https://www.taxtmi.com/forum/issue?id=913