Hello,
I just wanted to know that what is the current rate of STT(Securities Transaction Tax) levied on trading transactions ?
& on which amount it is levied,on Turnover amount or on Brokerage ?
& is there any other tax levied on the transactions ?
Thanks..& waiting for a response..
Here is a chart of STT rates & their applicability -
|
Product
|
Transaction
|
STT rate
|
Charged on
|
|
Equity-Delivery
|
Purchase
|
0.125%
|
Turnover
|
|
Sell
|
0.125%
|
Turnover
|
|
|
Equity-Intraday
|
Purchase
|
-
|
-
|
|
Sell
|
0.025%
|
Turnover
|
|
|
Future
|
Purchase
|
-
|
|
|
Sell
|
0.017%
|
Turnover
|
|
|
Option
|
Purchase
|
0.125%
|
Settlement price, on exercise
|
|
Sell
|
0.017%
|
Premium
|
Besides STT you may have to pay Transaction charges, SEBI Turnover charges or stamp duty etc.
That was quick.....Thanks Mohit..[:)]
Gauging and planning funds in one country is a trouble; having to do in two different nations can be flummoxing. This happens with NRIs! When it comes to registering taxes, NRIs find themselves incapacitated as the Income Tax (IT) rules are different for different countries; one that is valid in India is invalid in other countries.
Regards
Ramalingam K, MBA, CFP,
Director and Chief Financial Planner,
Holistic Investment Planners
“Best Performing Financial Advisor Award” Winners from CNBC TV18
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