homemarket Newsstocks NewsCBDT says STT should be applicable on delivery based derivative transactions
CBDT says STT should be applicable on delivery based derivative transactions
The Central Board of Direct Taxes (CBDT) told the Bombay High Court that 0.10 percent securities transactions tax (STT) would be levied on physical delivery of shares in the equity derivatives segment.
The Central Board of Direct Taxes (CBDT) told the Bombay High Court that 0.10 percent securities transactions tax (STT) would be levied on physical delivery of shares in the equity derivatives segment.
The circular addressed by the CBDT, which said that the rate of 0.10 per cent would be levied as STT on all transactions including physical delivery of shares in the equity derivatives segment.
Meanwhile, CBDT has directed Income Tax Department in Mumbai to file an affidavit before the Bombay High Court on the STT matter.
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