Security transaction tax

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ARTICLE
752 Points Posted on 12 January 2020
what is procedure to pay STT?
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On 12 January 2020 at 21:06 Report
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Quick Summary
This discussion clarifies the procedure for paying Securities Transaction Tax (STT). Initially, there was confusion about whether STT is paid via challan like other taxes. It was established that STT is automatically deducted by the service provider (broker) during the buying or selling of shares and securities, either through your demat account or at the time of trading. The user confirmed that STT can be paid through challan no. 282 via authorised banks, similar to other direct taxes, resolving their query.

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Profession
28271 Points Posted on 12 January 2020
Securities transaction tax is deducted by service provider.
1 Reply
On 12 January 2020 at 21:52
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ARTICLE
752 Points Posted on 12 January 2020
No...actually I am asking about method of paying STT...is it paid through challan like other taxes?? if it is paid through challan then which challan is used??
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On 12 January 2020 at 22:31
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Chartered Accountant
149 Points Posted on 12 January 2020
Stt is automatically charged by ur broker while buying or selling any stock. there is no other challan to pay sty
2 Reply
On 12 January 2020 at 22:38
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Profession
28271 Points Posted on 12 January 2020
It is being deducted either through your demat account or while trading of shares and securities.
1 Reply
On 12 January 2020 at 22:40
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ARTICLE
752 Points Posted on 12 January 2020
Ok. ..thank you so much to both of you....
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On 12 January 2020 at 22:42
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17269 Points Posted on 13 January 2020
Those who have absolutely no idea about STT should stay off from reply. it's a request.
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On 13 January 2020 at 09:40
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ARTICLE
752 Points Posted on 13 January 2020
@ pravin sir...how is it charged ?? what is the actual procedure? ?
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On 13 January 2020 at 10:49
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Profession
28271 Points Posted on 13 January 2020
Any one can correct but I can prove with documents...
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On 13 January 2020 at 11:02
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17269 Points Posted on 13 January 2020
Go ahead
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On 13 January 2020 at 11:08
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Profession
28271 Points Posted on 13 January 2020
@ kapu
wat documents u want?
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On 13 January 2020 at 11:13
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ARTICLE
752 Points Posted on 13 January 2020
Please...I request all of you that explain me the actual procedure...
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On 13 January 2020 at 11:23
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Profession
28271 Points Posted on 13 January 2020
@ chaitri

I submit annual returns of clients who deal with
sale of stocks...
I hv observed in their bank statement which has a demat account linked with it .
bank charge once u sell or purchase shares.
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On 13 January 2020 at 11:27
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ARTICLE
752 Points Posted on 13 January 2020
Ok...done...thanks a lot
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On 13 January 2020 at 11:31
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17269 Points Posted on 13 January 2020
Babu Moshai,
Whose pet name / name of your loved one you are fond of using frequently ??

@ Forum Admin - for information

@ Chaitri
I repeat - Those who have absolutely no idea about STT should stay off from reply.
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On 13 January 2020 at 14:17

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