Securities Transaction Tax

Securities Transaction Tax – Overview As the name suggests itself, STT (Securities Transaction Tax) is one of the multiple taxes to be paid to the Central Government of India. STT is the tax payable on the transaction value of taxable securities. In other words STT is the tax applicable to the sale / purchase of Equities, Derivatives,Read More

Disallowances of Expenses on Exempt Income

Disallowances of Expenses on Exempt Income (Intricacies of Section 14 A of the Income Tax Act) In this blog, we shall learn about Disallowances of Expenses on Exempt Income. In most of the cases, a taxpayer has some exempt income or other and it is a common practice that the assessing officers will attribute normal business expenditure toRead More