Changes proposed on the rate at which the Securities Transaction Tax (STT) is levied?

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..... Changes proposed on the rate at which the Securities Transaction Tax (STT) is levied?
By: -
Budget - Tax Proposals
Dated:- 15-3-2006

The rates of Securities Transaction Tax are proposed to be raised as follows with effect from April 1. · On purchase of an equity share in a company or a unit of an equity oriented fund, where: The transaction of such purchase is entered int .....

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..... o in a recognised stock exchange; and the contract for the purchase of such share or unit is settled by the actual delivery or transfer of such share or unit. · STT at the rate of 0.125 per cent is payable by the purchaser. On sale of an equity share in a company or a unit of an equity oriented fund, where: The transaction of such sale is entered into in a recognised stock exchange; and .....

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..... the contract for the sale of such share or unit is settled by the actual delivery or transfer of such share or unit. · STT at the rate of 0.125 per cent is payable by the seller On sale of an equity share in a company or a unit of an equity oriented fund, where: The transaction of such sale is entered into in a recognised stock exchange; and the contract for the sale of such share or uni .....

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..... t is settled otherwise than by the actual delivery or transfer of such share or unit. · STT at the rate of 0.025 per cent is payable by the seller. On sale of a derivative, where the transaction of such sale is entered into in a recognised stock exchange: · STT at the rate of 0.017 per cent is payable by the seller. On sale of unit of an equity-oriented fund to the Mutual Fund. .....

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..... · STT at the rate of 0.25 per cent is payable by the seller. Regards Amit Gupta B.Com ,Chartered Accountant , MBA(Finance) Address :-648 Guru Ram Dass Nagar , Delhi-110092 E-mail :[email protected] Ph-9810440459 , 22449686
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