Securities transaction tax: specified Income-tax Act provisions apply to extend procedural and compliance mechanisms to STT. Certain provisions of the Income-tax Act, 1961 are made applicable to securities transaction tax so far as may be, in the same manner as they apply to income-tax; a specified list of sections of the Income-tax Act (as in force from time to time) is incorporated into the securities transaction tax framework to extend corresponding procedural, assessment and compliance mechanisms.