Taxability of Share Market Transactions
Taxability of Share Market Transactions
Taxability of Share Market Transactions
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Securities Transaction Tax<br />
Section 88E<br />
• Income from taxable securities transactions<br />
chargeable to tax under the head ‘Pr<strong>of</strong>it &<br />
gains from business & pr<strong>of</strong>ession’<br />
• STT allowed as a deduction from tax<br />
payable on such income<br />
• Tax payable on such income to be<br />
calculated by applying average rate <strong>of</strong><br />
income tax on such income
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