Date : 31st May 2016
Trading
members are hereby informed that pursuant to the amendments in the Finance Act
2016 (Act No. 28 of 2016), which received the Presidential assent on May 14,
2016, rate of levy of Securities Transaction Tax (STT) on sale of option has
been revised from current rate of 0.017
to 0.05 % with effect from 1st June 2016.
Accordingly,
STT on the transactions executed on a Stcock Exchange on or after June 01, 2016
shall be charged at the rates indicated in Column D below:-
|
Sr.
No. |
Taxable
Securities Transaction |
Rate
Upto 31-May-2016 |
Rate
w.e.f 01-June-2016 |
Payable by |
||||
|
A |
B |
C |
D |
E |
||||
|
1. |
Purchase
of an equity share in a company or a unit of a business trust, 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 |
0.1
per cent |
0.1
per cent (No
Change) |
Purchaser (No
Change) |
||||
|
2. |
Sale
of an equity share in a company
or a unit of a business trust, 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. |
0.1
per cent |
0.1
per cent (No
Change) |
Seller (No
Change) |
||||
|
2A. |
Sale
of 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 unit is settled by the actual delivery or
transfer of such unit. |
0.001
per cent |
0.001
per cent (No
Change) |
Seller (No
Change) |
||||
|
3. |
Sale
of an equity share in a company or a unit of an equity oriented fund or a
unit of a business trust, 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 (No
Change) |
||||
|
4. |
(a)
Sale of an option in securities. (b) Sale of an option in securities where option is exercised. (c) Sale of a futures in securities. |
0.017
per cent 0.125 per cent 0.01 per cent |
0.05
per cent 0.125 per cent (No Change) 0.01 per cent (No Change) |
Seller (No
Change) Purchaser (No
Change) Seller (No
Change) |
||||
This is
for information and compliance of the Trading Members and also for onward
transmission to the constituents.
In case
of any clarifications you may contact the undersigned.
M.A.V. Raju
General
Manager