Scrutiny guidelines for STT. - Income Tax - Instruction No. 03/2006

INSTRUCTION NO. 3/2006 Dated : May 5, 2006 Sub : Scrutiny Guidelines for the purpose of Securities Transaction Tax (STT) - for issue of notices u/s. 102(1) of the Finance (No.2) Act, 2004 - reg. The first return of taxable securities transactions as per section 101(1) of the Finance (No. 2) Act 2004 for the financial year 2004-05 became due in June, 2005. The Board has decided that to have detailed examination of all the returns filed in respect of taxable securities transactions for the financial year 2004-05, all such returns should be picked up for detailed investigation (scrutiny) under provisions of section 102 of the Finance (No. 2) Act, 2004. 2. You are requested to send feedback to facilitate proper, effective and efficient administration of STT. F. No. 313/5/2005-OT (Praveen Kishore) Under Secretary to the Govt. of India