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INTERVIEW QUESTIONS
TAX
SECURITIES TRANSACTION TAX
DETAILS
Question: What is the scope of Securities Transaction Tax (STT)?
Answer: According to the Securities Contracts (Regulation) Act, 1956, STT would be applicable on following securities:-
Shares, bonds, debentures, debenture stock or other marketable securities of a like nature in or of any incorporated company or other body corporate Derivatives Units or any other instrument issued by any collective investment scheme to the investors in such schemes Security receipt as defined in section 2(zg) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Government securities of equity nature Rights or interest in securities Equity-oriented mutual funds
STT is not applicable for any off-market transaction.
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Securities Transaction Tax Interview Questions & Answers -
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Question:
What is the scope of Securities Transaction Tax (STT)?
Answer:
According to the Securities Contracts (Regulation) Act, 1956, STT would be applicable on following securities:-
Shares, bonds, debentures, debenture stock or other marketable securities of a like nature in or of any incorporated company or other body corporate Derivatives Units or any other instrument issued by any collective investment scheme to the investors in such schemes Security receipt as defined in section 2(zg) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Government securities of equity nature Rights or interest in securities Equity-oriented mutual funds
STT is not applicable for any off-market transaction. Source: CoolInterview.com
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