Securities Transaction Tax reporting requires standardised evidence detailing transactions, tax collected, transaction codes, broker and client identification. Form No. 10DB prescribes a standardised evidentiary return for payment of Securities Transaction Tax, requiring assessee identification, stock exchange and broker details, client code-wise tabulation of transaction values and STT collected, and use of specified transaction codes for purchases, sales and derivatives. It contains a verification declaration and instructions mandating separate forms for different client codes or exchanges, column-specific reporting of STT collected by brokers, and special reporting where the assessee is also a stock broker.
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Form No. 10DB prescribes a standardised evidentiary return for payment of Securities Transaction Tax, requiring assessee identification, stock exchange and broker details, client code-wise tabulation of transaction values and STT collected, and use of specified transaction codes for purchases, sales and derivatives. It contains a verification declaration and instructions mandating separate forms for different client codes or exchanges, column-specific reporting of STT collected by brokers, and special reporting where the assessee is also a stock broker.
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