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Securities Transaction Tax11234

The National Stock Exchange of India Limited issued a circular to inform trading members about changes to securities transaction tax (STT) rates effective July 1, 2012. Specifically, the rates of STT for purchase or sale of equity shares and equity oriented funds settled through actual delivery will be reduced to 0.1% from 0.125%, while the rate remains unchanged at 0.025% for transactions settled otherwise than through delivery. Trading members are required to comply with the new STT rates and inform their constituents. Any clarification should be directed to the Assistant Vice President or specified individuals.

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59 views2 pages

Securities Transaction Tax11234

The National Stock Exchange of India Limited issued a circular to inform trading members about changes to securities transaction tax (STT) rates effective July 1, 2012. Specifically, the rates of STT for purchase or sale of equity shares and equity oriented funds settled through actual delivery will be reduced to 0.1% from 0.125%, while the rate remains unchanged at 0.025% for transactions settled otherwise than through delivery. Trading members are required to comply with the new STT rates and inform their constituents. Any clarification should be directed to the Assistant Vice President or specified individuals.

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We take content rights seriously. If you suspect this is your content, claim it here.
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NATIONAL STOCK EXCHANGE OF INDIA LIMITED

DEPARTMENT : FINANCE AND ACCOUNTS

Download Ref.No.: NSE/FATAX/20990 Date : June 12, 2012

Circular Ref.No.: 1/2012

To all trading members in the CM segment

Sub : Changes in relation to Securities Transaction Tax

Further to our earlier circular no. NSE/F&A/7526 dated May 26, 2006, 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
st
28, 2012, rates of levy of Securities Transaction Tax (STT) with effect from 01 day of July, 2012 is
revised as below.

Accordingly, STT on the transactions executed on the Exchange on or after July 01, 2012 shall be
charged as indicated in Column D below.

Sr. Taxable securities transaction Effective rate New rate from Payable by
No. till 01.07.2012
30.06.2012
A B C D E

1. Purchase of an equity share in a 0.125 per 0.1 per cent Purchaser


company or a unit of an equity cent
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
2. Sale of an equity share in a 0.125 per 0.1 per cent Seller
company or a unit of an equity cent
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

Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Page 1 of 2
3. Sale of an equity share in a 0.025 per 0.025 per cent Seller
company or a unit of an equity cent (no change)
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

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 or Mr. Arvind Singh or Mr. Yogesh
Mohite at 2659 8140 or 2659 8100 Ext.3082.

For and on behalf of


National Stock Exchange of India Limited

Amol Mahajan
Asst. Vice President

Telephone No Fax No Email id


91-022-26598140 91-022-29598394 [email protected]

Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Page 2 of 2

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