Securities Transaction Tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 June 2010
Plz. answer the following as soon as possible:-
Securities Transaction Tax is calculated on Brokerage OR Brokerage Plus Service Tax oR On Transaction Value of the Shares ????
Securities Transaction Tax is calculated on Brokerage OR Brokerage Plus Service Tax oR On Transaction Value of the Shares ????
Aditya Maheshwari
(Expert)
10 June 2010
On Transaction Value of the Shares only
10 June 2010
The STT is applicable at different rates on the value of the “taxable securities transaction,” which again is defined to mean a transaction of purchase and sale of securities entered into in a recognised stock exchange in India on or after the date on which Chapter VII of the Finance (No 2) Bill, 2004 came into force.
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