Securities Transaction Tax What Is Stt Rates Of Stt Calculation
What is STT? (Securities Transaction Tax) STT refers to Securities Transaction Tax which is levied on the securities transactions (sale and purchase), which are carried out on stock exchanges. This tax was introduced by the Budget 2004 and is applicable since. Securities transactions include usual equity shares and derivative products (futures transaction and options transaction). So STT won’t be applicable on off market or OTC (Over The Counter) transactions. This tax was introduced to tax the securities transactions at source and to ensure that the tax evasion will be reduced to a large extent....