Securities Transaction Tax is a tax paid by the buyer and seller at
0.125% of the transaction value on delivery based transactions. On
non-delivery based transactions in equities or units of an equity
oriented fund it is payable by the seller at 0.025%. In case of sale of
options in securities, STT is levied at the rate of 0.017% of the option
premium to be paid by the seller. In case of sale of options in
securities where the option is exercised, STT is levied at 0.125% of the
settlement price and is paid by the purchaser. In case of sale of
futures in securities, STT at 0.017% is to be paid by the seller. In the
case of sale of units of an equity oriented fund to the mutual fund, it
is payable by the seller at 0.25%.
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