fbpx

Securities Transaction Tax #SecuritiesTransactionTax

  The Securities Transaction Tax (STT) is a type of ‘financial transaction tax’ levied in India on transactions done on the domestic stock exchanges.

  Rates of STT are prescribed by the central government.

  It is a direct tax.

  In India, STT is collected for the GoI by the stock exchanges.

  Till date, STT is not applicable in case of preference shares, government securities, bonds, debentures, currency derivatives, units of mutual fund other than equity oriented mutual fund, and gold exchange traded funds and in such cases, tax treatment of short-term and long-gains shall be as per normal provisions of law.

  Transactions of the shares of listed companies on the floor of the stock exchange, takeover, buyback, delisting offers, etc., also does not come under STT framework.

 

FOR MORE DETAIL NOTES in This Topic… JUST STAY CONNECTED

For Videos Join us on Youtube-

https://www.youtube.com/channel/UCTusrL4XLGXukIN2GTAoq7g

502 total views, 3 views today

Please follow and like us:

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!