Securities Transaction Tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 June 2010 Plz. answer the following as soon as possible:-

Securities Transaction Tax is calculated on Brokerage OR Brokerage Plus Service Tax oR On Transaction Value of the Shares ????

Aditya Maheshwari

Aditya Maheshwari (Expert)
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10 June 2010 On Transaction Value of the Shares only

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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10 June 2010 The STT is applicable at different rates on the value of the “taxable securities transaction,” which again is defined to mean a transaction of purchase and sale of securities entered into in a recognised stock exchange in India on or after the date on which Chapter VII of the Finance (No 2) Bill, 2004 came into force.

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