Dated: 20th
June, 2012
N
O T I C E
Further to our earlier notices on
the captioned subject, we would like to inform you that as per the Finance Act
2012 (Act No. 23 of 2012), which received the Presidential assent on May 28,
2012, rates of levy of Securities Transaction Tax (STT) with effect from 01st
day of July, 2012 are revised as below.
Accordingly, STT on the
transactions executed on the Exchange on or after July 01, 2012 shall be
charged as indicated in New rate from 01-07-2012 below.
|
Sr. No. |
Taxable securities transaction |
Effective rate till 30.06.2012 |
New
rate from 01.07.2012 |
Payable by |
|
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 recognized
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 |
0.125 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 recognized 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 |
0.125 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 recognized 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 or unit |
0.025 per cent |
0.025 per
cent (no change) |
Seller |
This is for
information and compliance of the Trading Members and also for onward
transmission to their constituents.
In case of any
clarifications you may contact the undersigned at 033-40253009
M.A.V.Raju
Deputy General Manager