Transaction tax
This query is : Resolved
Ashok Sharma
(Querist)
14 February 2013
WHAT IS SECURITIES TRANSACTION TAX?.
CA PARAS BAFNA
(Expert)
14 February 2013
Securities Transaction Tax is a tax that is leviable on taxable securities transaction.
Taxable Securities Transactions are transactions involving
.
Purchase or sale of(provided it is entered into at recognized stock exchanges):
- equity share in a Company or
- a derivative or
- a unit of an equity oriented fund
.
Sale of a unit of an equity oriented fund to the Mutual Fund itself.
.
Taxable Securities Transactions are transactions involving
.
Purchase or sale of(provided it is entered into at recognized stock exchanges):
- equity share in a Company or
- a derivative or
- a unit of an equity oriented fund
.
Sale of a unit of an equity oriented fund to the Mutual Fund itself.
.
Ashok Sharma
(Querist)
15 February 2013
thanx sir ji
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