CBDT Clarifies STT on Future Transactions, Allowing Association Members to Recover Correct Amounts in Derivative Deals.

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Full Text of the Document

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....STT - anomaly with regard to STT payable on future transactions - Once CBDT has clarified the position, all stake holders are now aware as to what is the amount of STT payable on the transactions - In that view of the matter, it will not be difficult for the members of the Association to recover the amount of STT from the parties who were engaged in the derivative transactions.....