Securities Transaction Tax

  • Budget 2012: Government cuts STT to 0.1 pc 16-03-2012 02:15 PM

    New Delhi: The Government on Friday lowered the securities transaction tax (STT) to 0.1 per cent, a move that will bring down costs of equity transactions. STT, which was introduced in 2004, is levied on the sale and purchase of equities. "In order to reduce transaction costs in the capital...
  • Stock exchanges for abolition of STT in Budget 07-02-2012 09:18 PM

    New Delhi: Stock exchanges on Tuesday pitched for abolition of the Securities Transaction Tax (STT) on equity trades at their meeting with Finance Ministry officials in New Delhi. The issue of removal of STT was raised by representatives of different stock exchanges, including BSE, National Stock Exchange, MCX-SX and USE....