Members are requested to refer our notice on Securities Transaction tax
dated 27/9/04 & 30/9/2004. As per the Finance Act 2005, the rates of levy
of Securities Transaction Tax (STT) have been revised with effect from 1st
June 2005 as given below. Accordingly the STT on the transactions executed on
the Exchange on or after 1st June, 2005 shall be as indicated in
column 4 below.
SI. No. |
Taxable
securities transaction |
Old
Rate |
New
Rates wef 01.06.05 |
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. |
0.075
per cent. |
0.1
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. |
0.075
per cent. |
0.1
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 |
0.015
per cent |
0.02
per cent |
Seller |
Members are requested to note that the
Exchange will continue to adopt the existing procedure for calculation, levy
and collection of STT, with the Revised STT rates. This is for information and
compliance of the members and also for
onward transmission to the constituents.
Secretary