STT Rate on derivative contract settled by physical delivery of shares

Association of National Exchanges Members of India Vs SEBI (Bombay High Court)

CBDT has clarified that where a derivative contract is being settled by physical delivery of shares, the transaction would not be any different from transaction in equity share where the contract is settled by actual delivery or transfer of shares. It further states that, the rates of STT as applicable to such delivery­based equity transactions shall also be applicable to such derivative transacti

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