Securities Transaction Tax reporting requires recognised stock exchanges to file detailed returns and schedules for taxable securities transactions monthly. Recognised stock exchanges must file Form No. 1 under the Securities Transaction Tax Rules, 2004 to report values and tax on taxable securities transactions by transaction code, provide identifying details and verification, and submit Schedules A (broker-level transactions), B (clearing member transactions) and C (monthly aggregates). The return requires computation of total tax collectible, tax collected, tax paid, net payable/refundable, interest payable/paid and particulars of tax/interest deposits, with options to furnish schedules on prescribed computer media and specific procedural notes for auction purchases and separate submissions by codes.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Securities Transaction Tax reporting requires recognised stock exchanges to file detailed returns and schedules for taxable securities transactions monthly.
Recognised stock exchanges must file Form No. 1 under the Securities Transaction Tax Rules, 2004 to report values and tax on taxable securities transactions by transaction code, provide identifying details and verification, and submit Schedules A (broker-level transactions), B (clearing member transactions) and C (monthly aggregates). The return requires computation of total tax collectible, tax collected, tax paid, net payable/refundable, interest payable/paid and particulars of tax/interest deposits, with options to furnish schedules on prescribed computer media and specific procedural notes for auction purchases and separate submissions by codes.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
