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Union of India - Section

Section 20AB in Income Tax Rules, 1962

20AB. Evidence of payment of security transaction tax for claiming deduction under section 88E.

- The evidence of payment of securities transaction tax which is required to be furnished along with the return of income by the assessee under first proviso to section 88E,-
(i)on the value of transaction entered into by him in a recognised stock exchange, shall be in Form No. 10DB and shall be verified in the manner indicated therein;
(ii)on the value of transaction of sale, by him, of a unit of an equity oriented fund to the Mutual Fund, shall be in Form No. 10DC and shall be verified in the manner indicated therein.