Rates of Security Transaction Tax (STT) - Income Tax - Ready Reckoner - Income Tax

Chapter VII of Finance (No. 2 ) Act 2004 Rate of STT - Section 98 Introduced by Finance Act, 2004, STT is payable in India in value of securities (except commodity and currency) through a recognised Stock Exchange. STT would be applicable on following securities: Shares/Bonds/Debenturs/Debenture Stock or other marketable securities of a like naturein or of any corporate company of other Body Corporate. Derivatives. Units or any other instrument issued by a collective invesment scheme to investors in such scheme. Scurity Receipt as defined in section 2(zg) of SARFAESI Act, 2002 Government Securities of Equity nature. Rights/interest on securities. Equity Oriented Mutual funds. STT is not applicable for any Off-shore market. ............... Rates of Security Transaction Tax as on date Rate Purchaser - Purchase of Equity shares Units of a Business Trust (delivery based) 0.1% Seller - Sale of equity shares Units of a Business Trust (delivery based) 0.1% Seller - Units of equity oriented mutual fund (delivery based) 0.001% Seller - Sale of equity shares, units of equity oriented mutual fund (non delivery based) 0.025% Seller - Sale of an option in securities 0.05% Purchaser - Sale of an option in securities, where option is exercised 0.125% Seller - Sale of a futures in securities 0.01% Seller - Sale of units of an equity oriented fund to the mutual fund 0.001% Seller - Sale of unlisted equity shares under an offer for sale to public 0.2% Seller - Sale of unlisted units of a business trust under an offer for sale (inserted vide Finance Bill 2015) 0.2% Note 1: - Add Surcharge - nil Note 2: - Add Education Cess - nil Note 3: - Add Secondary and Higher Education Cess - nil Note 4: - Every person who is liable to pay STT is required to deposit the same on or before 7th of the month following the month in which STT collected/deducted. Note 5: - RSE should file annual return in prescribed format on or before 30th June of Financial Year in which STT collected. =============================== Rates of Security Transaction Tax from 1-6-2008 to 30-6-2012 Rate Purchaser - Purchase of Equity shares, units of equity oriented mutual fund 0.125% Seller - Sale of equity shares, units of equity oriented mutual fund (delivery based) 0.125% Seller - Sale of equity shares, units of equity oriented mutual fund (non delivery based) 0.025% Seller - Sale of an option in securities 0.017% Purchaser - Sale of an option in securities, where option is exercised 0.125% Seller - Sale of a futures in securities 0.017% Seller - Sale of units of an equity oriented fund to the mutual fund 0.25% Note 1: - Add Surcharge - nil Note 2: - Add Education Cess - nil Note 3: - Add Secondary and Higher Education Cess - nil =============================== Rates of Security Transaction Tax upto 31-5-2008 Rate Purchaser - Purchase of Equity shares, units of equity oriented mutual fund 0.125% Seller - Sale of equity shares, units of equity oriented mutual fund (delivery based) 0.125% Seller - Sale of equity shares, units of equity oriented mutual fund (non delivery based) 0.025% Seller - Sale of derivative 0.017% Seller - Sale of units of an equity oriented fund to the mutual fund 0.25% Note 1: - Add Surcharge - nil Note 2: - Add Education Cess - nil Note 3: - Add Secondary and Higher Education Cess - nil