Is STT an allowable expense?
Excuse me, could you please clarify if STT is considered an allowable expense under the current tax regulations? I'm interested in understanding the specifics of how STT, or security transfer tax, is treated for financial reporting and tax purposes. It would be greatly appreciated if you could provide some insights into whether STT can be deducted from taxable income or if there are any specific conditions that need to be met for it to be considered an allowable expense. Thank you in advance for your help.