Security Transaction Tax rates cover recognised exchange trades, with payer liability differing across shares, funds, options, futures, and business trust units. Security Transaction Tax applies in India to specified securities transactions carried out through a recognised stock exchange, excluding commodity and currency transactions and offshore markets. The material identifies the securities covered, including shares, bonds, debentures, derivatives, units of collective investment schemes, security receipts, government securities of equity nature, rights or interests in securities, equity oriented mutual funds, and specified business trust units. It also states the applicable rates and the person liable to pay, with separate treatment for delivery-based and non-delivery based trades, options, futures, and certain sale, surrender or redemption transactions.
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.
Security Transaction Tax rates cover recognised exchange trades, with payer liability differing across shares, funds, options, futures, and business trust units.
Security Transaction Tax applies in India to specified securities transactions carried out through a recognised stock exchange, excluding commodity and currency transactions and offshore markets. The material identifies the securities covered, including shares, bonds, debentures, derivatives, units of collective investment schemes, security receipts, government securities of equity nature, rights or interests in securities, equity oriented mutual funds, and specified business trust units. It also states the applicable rates and the person liable to pay, with separate treatment for delivery-based and non-delivery based trades, options, futures, and certain sale, surrender or redemption transactions.
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