29th May, 2006

N O T I C E

 

Sub: Change of rates of Securities Transaction Tax

 

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