Implementation of Securities Transaction Tax

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Full Text of the Document

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....rities Transaction Tax 1. It has been proposed in the Union Budget for 2004-2005 to levy Securities Transaction Tax (STT) on all transactions done on the stock exchanges. 2. As per the provisions of the Finance Bill, the stock exchanges have been entrusted with the responsibility of levy, collection and remittance of the STT on all transactions from the date of notification by the Government of ....