WebOct 13, 2009 · Now one can say, admisiblity of STT as deduction is only for "deduction of expenses on transfer" and as cost of acquisition/improvement is dealt in section 55 … WebCommon expenses you can't claim. Expenses that can't be claimed could include: advertising (for instance, of a company's product) audit fees. bad debts. company establishment and other fees incurred under the companies code in relation to the administration of the company. costs incurred in preparing taxation returns.
STT DEDUCTION ON CAPITAL GAIN COMPUTATION - CAclubindia
WebA quick tip: Earlier, stamp duty was levied by the state government and hence it was not equal in all states of India. Some states have higher stamp duty, while others have lower stamp duty. Stamp duty varies from state … WebOct 28, 2024 · No. STT cannot be claimed as part of your cost of acquisition and it will not reduce your capital gains tax liability. The LTCG on equity mutual funds is 10% … pc mechwarrior
Standard Deduction in Taxes and How It
WebApr 3, 2024 · Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Step 12: Once your return is filed, e-verify your Income Tax Return. You can eve… WebJul 31, 2024 · Consequently, this year their total deductions will instead be $12,000 in mortgage interest, $4,000 in property taxes, $7,000 in state income taxes, and their $2,000 in charitable contributions, plus the $3,000 in deductible points, bringing their total itemized deductions to $28,000. WebJun 6, 2024 · You can also claim commuting expenses to and from a temporary work site, regardless of location, as long as your main workplace is elsewhere. Temporary work location. If you have one or more regular work locations away from your home and you commute to a temporary work location in the same trade or business, you can deduct … pcmed grandrounds live