Richa (CA) (63 Points)
13 February 2008Hi All
An insurance company needs to make huge investments regularly for its own business as well as the policyholders. Kindly confirm if it needs to track the STT paid on the purchase of shares from the secondary market from tax's perspective.
What is the STT rate on Equity?
Kindly revert asap. Its urgent.
Satyendra sahu
(service)
(216 Points)
Replied 31 July 2008
Hi richa,
It is some where, 0.0255%.
I hope , Your query is resolved.
CAclubindia
