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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Rebate u/s 88E in respect of STT - rebate has to be calculated ...


Rebate u/s 88E: Calculate based on derivative income at 30%, capped by actual STT paid.

September 6, 2012

Case Laws     Income Tax     AT

Rebate u/s 88E in respect of STT - rebate has to be calculated with respect to the income from derivative transaction included in the total income @ 30% subject to the limit of STT actually paid. - AT

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