Quick Summary
Securities Transaction Tax (STT) was introduced in the year 2004 Union Budget and came into effect from 1st Oct 2004. SST is governed by Securities Transaction Act which has specifically listed down various taxable securities transactions. Here taxable securities include equity, derivativ
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FAQ :
From 1st October 2024, the STT rate for Options will be 0.1% and for Futures, it will be 0.02%.
The new STT rates for Futures and Options will be effective from 1st October 2024.
The purpose of STT is to mitigate tax evasion as it is taxed at source.
STT applies to shares, derivatives, units of equity-oriented mutual funds, and other marketable securities traded on recognised stock exchanges.
No, off-market transactions do not attract STT.
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