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: - Amit Gupta, CA, MBA - Budget - 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 into in a .....

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..... 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 the contra .....

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..... ct 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 unit is settled o .....

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..... therwise 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. STT at the rate of 0. .....

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..... 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 - - Scholarly articles for knowledge sharing authors experts professionals Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - Ta .....

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..... xTMI - TMITax .....

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