Members are requested to note that as
per the Finance Act 2006, the rates of levy of Securities Transaction Tax (STT)
have been revised with effect from 1st June 2006 as given below.
Accordingly the STT on the transactions executed on the Exchange on or after 1st
June, 2006 shall be as indicated in column 4 below.
|
SI. No. |
Taxable
securities transaction |
Old
Rate effective till 31.05.06 |
New
Rates wef 01.06.06 |
Payable
by |
|
(1) |
(2) |
(3) |
(4) |
(5) |
|
1.
|
Purchase
of an equity share in a company or a unit of an equity oriented fund, where – (a) the
transaction of such purchase is entered into in a recognised stock exchange;
and (b)
the contract for the purchase of such share or unit is
settled by the actual delivery or transfer of such share or unit. |
0.1 per cent. |
0.125
per cent. |
Purchaser. |
|
2.
|
Sale
of an equity share in a company or a unit of an equity oriented fund, where – (a) the
transaction of such sale is entered into in a recognised stock exchange; and (b) the
contract for the sale of such share or unit is settled by the actual delivery
or transfer of such share or unit. |
0.1 per cent. |
0.125
per cent. |
Seller. |
|
3.
|
Sale
of an equity share in a company or a unit of an equity oriented fund, where – (a) the
transaction of such sale is entered into in a recognised stock exchange; and (b) the
contract for the sale of such share or unit is settled otherwise than by the
actual delivery or transfer of such share of unit |
0.02 per cent. |
0.025
per cent. |
Seller. |
This is for information and compliance of the members and also for onward transmission to the
constituents.
Secretary