GK
TAXES IN INDIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Securities transaction tax paid by the seller of shares and units shall
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Be allowed as deduction as expenses of transfer
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Not be allowed as deduction
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All of these
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None of these
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Explanation:
Detailed explanation-1: -10% tax for gain amounts exceeding Rs. 1 Lakh. Sale of bonds, debentures, shares, and other listed securities on which STT has not been paid.
Detailed explanation-2: -The securities transaction tax is levied on the value of securities (except commodities and currency).
There is 1 question to complete.