Changes proposed on the rate at which the Securities Transaction Tax (STT) is levied?

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....hanges proposed on the rate at which the Securities Transaction Tax (STT) is levied?<br>By: - <br>Budget - Tax Proposals<br>Dated:- 15-3-2006<br><br>The rates of Securities Transaction Tax are proposed to be raised as follows with effect from April 1. &middot; On purchase of an equity share in a company or a unit of an equity oriented fund, where: The transaction of such purchase is entered into....

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.... in a recognised stock exchange; and the contract for the purchase of such share or unit is settled by the actual delivery or transfer of such share or unit. &middot; STT at the rate of 0.125 per cent is payable by the purchaser. On sale of an equity share in a company or a unit of an equity oriented fund, where: The transaction of such sale is entered into in a recognised stock exchange; and t....

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....he contract for the sale of such share or unit is settled by the actual delivery or transfer of such share or unit. &middot; STT at the rate of 0.125 per cent is payable by the seller On sale of an equity share in a company or a unit of an equity oriented fund, where: The transaction of such sale is entered into in a recognised stock exchange; and the contract for the sale of such share or unit....

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.... is settled otherwise than by the actual delivery or transfer of such share or unit. &middot; STT at the rate of 0.025 per cent is payable by the seller. On sale of a derivative, where the transaction of such sale is entered into in a recognised stock exchange: &middot; STT at the rate of 0.017 per cent is payable by the seller. On sale of unit of an equity-oriented fund to the Mutual Fund. &....

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....middot; STT at the rate of 0.25 per cent is payable by the seller. Regards Amit Gupta B.Com ,Chartered Accountant , MBA(Finance) Address :-648 Guru Ram Dass Nagar , Delhi-110092 E-mail :[email protected] Ph-9810440459 , 22449686<br> Scholarly articles for knowledge sharing by authors, experts, professionals ....