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what is mean by security transaction tax? it considers how
during profit calculation of shares trading.
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Answer / ratnakar
Actually stt is a tax levied when any body do transaction
in stock exchange.It is levied both on sale and purchase.
the tax rate is differednt for different type of transactin
that is delivery bassed or non deliver base.
| Is This Answer Correct ? | 37 Yes | 7 No |
Answer / rajesh
STT is called Security Transaction Tax. when we selling
shares that they will levied STT.which u can claim in your
Short time capital gains.
| Is This Answer Correct ? | 37 Yes | 25 No |
Answer / ankur garg
As the name suggest STT is levied on transactions involving
securities.Securities transaction tax is levied both at the
time of purchsae and sell of securities.it is to be paid
only in case transaction is made through recognised stock
exchange ie. if transaction is not made through recognised
stock exchange no stt is to be paid.
If share trading is your business then it shall be allowed
as an expense for the purpose of calculating your profit or
loss from share trading and if u r not a trader but an
investor that no such deduction shall be allowed at the
time of calculating your short or long term capital gain,
as the case may be,
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / hetal
The Securities Transaction Tax was introduced by Chapter
VII of the Finance Act (No.2) Act, 2004. STT is a tax being
levied on all transactions done on the stock exchanges.
Securities Transaction Tax is applicable on purchase or
sale of equity shares, derivatives, equity-oriented funds
and equity-oriented mutual funds.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / ratnakar
STT stands for security transaction tax. it is generally
levied when we sell security through recocnized stock
exchange.it is minimal as compairsion to normal tax slab
rate and the capital gain that arises to the individual
after stt is totally taxfree.
| Is This Answer Correct ? | 6 Yes | 5 No |
Answer / abhishek kumar
STT is a tax levied when any body do transaction
in stock exchange.It is levied both on sale and purchase.
The tax rate is differednt for different type of
transaction and the profit earned on securities are
absouletely tax free when STT has been paid.
Tax rate also various on type of transaction that is
delivery bassed or non deliver base.
| Is This Answer Correct ? | 5 Yes | 4 No |
Answer / sajid
STT is the tax lavied on all transaction done on stock exchange..current stt tax rate on sale or purchase of equity is 0.075%
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / abhishek vashist
STT stands for SECURITY TRANSACTION TAX. It is generally
levied when we sell or purchase securities from recognized
stock exchange. It's tax rate is about 0.15%. and the LONG
TERM CAPITAL GAIN that arises from these securities to
individual is tax free & in SHORT TERM it tax will charged
at 15%.
| Is This Answer Correct ? | 2 Yes | 3 No |
Answer / hetal
stt is for secuirty transaction tax. it is levied on short
term capital gains
| Is This Answer Correct ? | 0 Yes | 3 No |
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