Securities Transaction Tax (STT)

On October 6, 2025, the Supreme Court decided to examine a plea challenging the constitutional validity of the Securities Transaction Tax under the Finance Act, 2004, in four weeks.

  • The Securities Transaction Tax (STT) is a direct tax levied on the purchase and sale of securities listed on recognised stock exchanges in India.
  • Introduced through the Finance Act of 2004, STT was designed to simplify taxation on securities trading and curb tax evasion in the capital market.
  • It is administered by the Central Board of Direct Taxes (CBDT) under the Ministry of Finance.
  • Essentially, STT acts as a ....
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