Securities Transaction Tax (STT) -(New) Section 32(k) / (Old) Section 36(1)(xv)
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.... it covers: • Securities Transaction Tax (STT) • Commodities Transaction Tax (CTT) Deduction is allowed only if BOTH conditions are satisfied: 1. Transactions must be business-related • The securities or commodities transactions must be entered into in the course of business or profession • Example: share trading business, commodity trading....


TaxTMI
TaxTMI