MS SAMEER (CMA*CA*CMDM*ast FUND MANAGER*LEGAL ADVISOR) (14938 Points)
17 June 2010
What is
Securities Transaction Tax (STT) is a tax being levied on all transactions done on the stock exchanges at rates prescribed by the Central Government from time to time. Pursuant to the enactment of the Finance (No.2) Act, 2004, the Government of India notified the Securities Transaction Tax Rules, 2004 and STT came into effect from
CA VINAY BANSAL
(In job with KPMG)
(289 Points)
Replied 17 June 2010
What r the rates applicable and is it also applicable on the transfers not routed through stock exchange and done through simple transfer forms through offline mode.
CAclubindia
