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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 Posted / 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 |
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