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STT ..?

CA Himanshu Bansal (Risk Manager) (2345 Points)

30 November 2009

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..

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3 Replies

MOHIT MAHAJAN (LCS, ACA) (2050 Points)
Replied 30 November 2009

Here is a chart of STT rates & their applicability -

Product	Transaction	STT rate	Charged on
Equity-Delivery	Purchase	0.125%	Turnover
Equity-Delivery	Sell	0.125%	Turnover
Equity-Intraday	Purchase	-	-
Equity-Intraday	Sell	0.025%	Turnover
Future	Purchase	-
Future	Sell	0.017%	Turnover
Option	Purchase	0.125%	Settlement price, on exercise
Option	Sell	0.017%	Premium

Besides STT you may have to pay Transaction charges, SEBI Turnover charges or stamp duty etc.

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CA Himanshu Bansal (Risk Manager) (2345 Points)
Replied 30 November 2009

That was quick.....Thanks Mohit..[:)]

Ramalingam K (Founder & Director - Holistic Investment Planners (P) Limited) (21077 Points)
Replied 20 May 2014

Are You Aware of the Taxation Rule for NRIs?

Introduction

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.