What Is Security Transaction Tax Definition STT is a kind of turnover tax where the investor has to pay a small tax on the total consideration paid or received in a share transaction Description STT was introduced in the Budget of 2004 and implemented in Oct 2004 The objective behind the levy is to mitigate tax evasion as the same is taxed at source
STT is a direct tax levied on every purchase and sale of securities that are listed on the recognised stock exchanges in India STT is governed by the Securities Transaction Tax Act STT Act and the STT Act has specifically listed down various taxable securities transactions i e transactions on which STT is leviable Securities Transaction Tax STT is a direct tax levied on the trading of securities in India Introduced in 2004 STT aims to curb speculative trading and generate revenue from the financial markets
What Is Security Transaction Tax
What Is Security Transaction Tax
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The security Transaction tax is a direct tax that is levied on the securities that are listed on the Stock Exchanges of India STT is charged on every transaction which is a successful sale and purchase of the securities The Securities Transaction Tax STT is a direct tax on securities transactions levied at the time of the transaction while the Capital Gains Tax CGT is a tax on the profit arising from the sale of a capital asset and is levied at the time of the sale
What Is The Security Transaction Tax The security transaction tax is a tax levied on capital gains arising from dealing with securities such as equities options and futures Since security transaction tax is a big name henceforth we will refer to it as STT or STT tax STT or Securities Transaction Tax is a tax levied on securities trades not on commodities or currency trades Different STT rates are applicable for Equity cash and Futures and Options F O transactions STT is levied on trades on the National Stock Exchange NSE Bombay Stock Exchange BSE and other recognized stock exchanges
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STT or securities transaction tax is the tax levied by the government of India on the purchase or sale of securities listed on a recognised stock exchange It is expressed as a percentage and is calculated on the total trade value Securities Transaction Tax STT is a type of direct tax that is payable on the total value of securities and stock exchanges in India STT is a tax levied on the purchase and sale of securities such as equities futures options etc by the stock exchanges
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Definition STT is a kind of turnover tax where the investor has to pay a small tax on the total consideration paid or received in a share transaction Description STT was introduced in the Budget of 2004 and implemented in Oct 2004 The objective behind the levy is to mitigate tax evasion as the same is taxed at source
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STT is a direct tax levied on every purchase and sale of securities that are listed on the recognised stock exchanges in India STT is governed by the Securities Transaction Tax Act STT Act and the STT Act has specifically listed down various taxable securities transactions i e transactions on which STT is leviable
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SECURITY TRANSACTION TAX
What Is Security Transaction Tax - The Securities Transaction Tax STT is a direct tax on securities transactions levied at the time of the transaction while the Capital Gains Tax CGT is a tax on the profit arising from the sale of a capital asset and is levied at the time of the sale
