Section 88E Rebate in respect of securities transaction tax.

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The Tax Publishers [1][88E. Rebate in respect of securities transaction tax. (1) Where the total income of an assessee in a previous year includes any income, chargeable under the head 'Profit and gains of business or profession', arising from taxable securities transactions, he shall be entitled to a deduction, from the amount of income-tax on such income arising from such transactions, computed in the manner provided in sub-section (2), of an amount equal to the securities transaction tax paid by him in respect of the taxable securities transactions entered into in the course of his business during that previous year : SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

[1][88E. Rebate in respect of securities transaction tax.

(1) Where the total income of an assessee in a previous year includes any income, chargeable under the head 'Profit and gains of business or profession', arising from taxable securities transactions, he shall be entitled to a deduction, from the amount of income-tax on such income arising from such transactions, computed in the manner provided in sub-section (2), of an amount equal to the securities transaction tax paid by him in respect of the taxable securities transactions entered into in the course of his business during that previous year :