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Securities Transaction Tax

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Advanced Guide To Securities Transaction Tax

Income Tax : Get a comprehensive guide to Securities Transaction Tax (STT). Learn about its history, applicability, charges, and more....

August 17, 2022 3861 Views 3 comments Print

Contrast between Securities & Commodities Transaction Tax

Income Tax : Commodities Transaction Tax (C.T.T.), is a tax payable to the central government on trades made on commodities. CTT was first prop...

February 28, 2022 3396 Views 0 comment Print

STT on option in securities on difference between strike & settlement price

Income Tax : As per the existing provisions section 99 of the Finance (No.2) Act, 2004, the value of taxable securities transaction in respect ...

July 14, 2019 915 Views 0 comment Print

Securities Transaction Tax (STT)

Income Tax : Securities Transaction Tax (STT), is the tax deduction that is applied to all your equity transactions. Introduced in the 2004 Uni...

October 8, 2018 43394 Views 2 comments Print

Free Intraday Trading (FIT) – A game-changing investing tool

Finance : For an investor, brokerage charges form a large part of his share trading experience and as an investor one must be vigilant about...

May 15, 2018 9243 Views 1 comment Print


Latest News


Budget 2012 – Govt likely to reduce STT in Budget

Income Tax : The Finance Ministry is likely to reduce Securities Transaction Tax (STT) on equity trade in the forthcoming Budget in a bid to bo...

February 7, 2012 859 Views 0 comment Print

I-T department issues notices to Brokers, corporate investors for 'under-reporting' of income

Income Tax : The Income Tax department is learnt to have sent notices to over a dozen proprietary stock trading firms and corporate investors, ...

December 12, 2010 489 Views 0 comment Print

17.85 Percent Increase in Direct Tax Collections During April-November Crosses 50 percent of be Target of Rs.4,30,000

Income Tax : During the period April-November 2010, net direct tax collections stood at Rs.2,16,628 crore, up from Rs.1,83,822 crore during the...

December 8, 2010 288 Views 0 comment Print

Net Direct Tax Collections Register 19.09 Percent Growth

Income Tax : Net direct tax collections during the period April-September 2010 stood at Rs.1,81,758 crore, up from Rs.1,52,625 crore in the sam...

October 20, 2010 267 Views 0 comment Print

STT may not be scrapped under the DTC Regime

Income Tax : The securities transaction tax (STT) is here to stay even under the proposed new regime for direct taxes slated to come into force...

June 26, 2010 399 Views 0 comment Print


Latest Judiciary


Share transaction through banking channels on stock exchange with STT payment not bogus

Income Tax : The fact that shares were traded on stock exchange after paying securities transaction tax, and that money had been received throu...

January 29, 2023 1425 Views 0 comment Print

Failure to collect & pay STT- Not ipso-facto lead to imposition of penalty

Income Tax : Assessing Officer comes to a conclusion that the assessee had failed to collect the STT or had failed to pay such STT to the credi...

March 18, 2020 939 Views 0 comment Print

STT Rate on derivative contract settled by physical delivery of shares

Income Tax : Association of National Exchanges Members of India Vs SEBI (Bombay High Court) CBDT has clarified that where a derivative contract...

October 4, 2018 966 Views 0 comment Print


Latest Posts in Securities Transaction Tax

Share transaction through banking channels on stock exchange with STT payment not bogus

January 29, 2023 1425 Views 0 comment Print

The fact that shares were traded on stock exchange after paying securities transaction tax, and that money had been received through banking channels only demonstrated that they were not bogus transactions.

Advanced Guide To Securities Transaction Tax

August 17, 2022 3861 Views 3 comments Print

Get a comprehensive guide to Securities Transaction Tax (STT). Learn about its history, applicability, charges, and more.

Contrast between Securities & Commodities Transaction Tax

February 28, 2022 3396 Views 0 comment Print

Commodities Transaction Tax (C.T.T.), is a tax payable to the central government on trades made on commodities. CTT was first proposed in 2008 and received violent opposition as commodity trading was at a beginning stage in India, and levying such tax could lead to a dip in commodity trades. CTT was brought before parliament again […]

Failure to collect & pay STT- Not ipso-facto lead to imposition of penalty

March 18, 2020 939 Views 0 comment Print

Assessing Officer comes to a conclusion that the assessee had failed to collect the STT or had failed to pay such STT to the credit of the Central Government, it would not ipso-facto lead to imposition of penalty. Once such a conclusion is reached, the assessee is required to be provided reasonable opportunity of hearing and during the hearing if the assessee can prove that there was reasonable cause for such failure, no penalty shall be imposed.

STT on option in securities on difference between strike & settlement price

July 14, 2019 915 Views 0 comment Print

As per the existing provisions section 99 of the Finance (No.2) Act, 2004, the value of taxable securities transaction in respect of sale of an option in securities, where option is exercised, shall be, the settlement price. In order to rationalise the levy of STT where the option is exercised, it is proposed to amend […]

Securities Transaction Tax (STT)

October 8, 2018 43394 Views 2 comments Print

Securities Transaction Tax (STT), is the tax deduction that is applied to all your equity transactions. Introduced in the 2004 Union Budget by the then Finance Minister Mr. P Chidambaram, the deduction is to ensure that gains arising from securities transaction are taxed at source, thus preventing individuals from evading capital gains tax. So, what […]

STT Rate on derivative contract settled by physical delivery of shares

October 4, 2018 966 Views 0 comment Print

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 […]

Free Intraday Trading (FIT) – A game-changing investing tool

May 15, 2018 9243 Views 1 comment Print

For an investor, brokerage charges form a large part of his share trading experience and as an investor one must be vigilant about the amount being charged in the form of brokerage. Depending on the sum of money invested, brokerage fees could play a big role in the overall trading experience. The brokerage cost is […]

Sec 10(38), CBDT provides host of exemptions

June 9, 2017 45678 Views 2 comments Print

This article summarises the amendment brought in Section 10(38) of the Income Tax Act, 1961, the exemptions provided under the section through notification issued by the central government and discusses few situations where exemption may not be available.

STT rate on Delivery Based Share Transactions from 01.07.2012

March 16, 2012 3198 Views 0 comment Print

Securities Transaction Tax (STT) on transactions in specified securities was introduced vide Finance (No.2) Act, 2004. It is proposed to reduce STT in Cash Delivery segment from the existing 0.125% to 0.1%. The proposed new rates along with details of old rates are given in the following table.

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