Payment of securities transaction tax must be remitted to government banks with the prescribed challan by specified collectors.

Recognised stock exchanges, mutual fund trustees or other authorised managers, and managing or whole time directors of insurance companies required to collect securities transaction tax under section 100 must remit that tax to the credit of the Central Government into branches of the Reserve Bank of India, the State Bank of India, or any authorised bank, accompanied by a securities transaction tax challan.

---

---

---