The Central Board of Direct Taxes (CBDT) has released new formats, procedures, and guidelines for submitting Securities Transaction Tax (STT) forms. This includes updated requirements for Form No. 1, Form No. 2, and the introduction of a new Form No. 2A specifically for insurance companies. These changes aim to streamline the electronic filing process for STT returns.
DGIT(S)/ADG(S)-2/STT Filing/2022
Government of India
Ministry of Finance
Central Board of Direct Taxes
Directorate of Income Tax (Systems)
Notification No. 2 of 2022
New Delhi, 24th June, 2022
Format, Procedure and Guidelines for submission of Form No. 1, Form No. 2 and Form No. 2A for Se
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FAQ :
The CBDT has released a notification detailing the format, procedure, and guidelines for submitting Forms 1, 2, and 2A related to Securities Transaction Tax (STT).
Recognised stock exchanges, prescribed persons for Mutual Funds, insurance companies, and lead merchant bankers for IPOs are responsible for filing STT returns.
Yes, a new Form No. 2A has been introduced for insurance companies to file their Securities Transaction Tax returns.
Eligible reporting institutions need to submit registration information and signed PDF copies via email to stt.reporting@insight.gov.in, and data files via SFTP Server.
The guidelines for preparing and submitting STT returns are mentioned in the STT Rules 2004, as amended by notification 9 of 2022.