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of <h1>Understanding Securities Transaction Tax: Key Rates and Compliance Under Chapter VII, Finance Act 2004</h1> Securities Transaction Tax (STT) is levied on taxable securities transactions as per Chapter VII of the Finance (No. 2) Act, 2004, effective from October 1, 2004. Applicable transactions include the purchase or sale of equity shares, derivatives, and units of equity-oriented funds on recognized stock exchanges. STT rates vary based on the type of transaction, such as 0.125% for delivery-based equity share purchases and 0.017% for derivative sales. STT is collected by stock exchanges, mutual funds, or lead merchant bankers, and must be paid to the government by the seventh day of the following month. Penalties apply for non-compliance, but reasonable cause may exempt penalties.
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