04 October 2007
Securities Transaction Tax is a tax imposed on the net trading activity of the shares transactions. It is to be borne by the person who transacts the shares.
02 November 2007
I hope net trading is clear. Daily Trading means you may trade in your account say 100 shares of Reliance Buy and then 100 shares of ACC sell. These are daily trading. If you see net trading then net position of both will be taken in account. You may be net buyer or net seller.
CAclubindia
