Question:
Which of the following statement is true for Securities Transaction Tax (STT)?
Which of the following statement is true for Securities Transaction Tax (STT)?
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STT ensures easy tax compliance for stock market transactions
Updated On: Feb 11, 2026
- Levied on the buying or selling of shares in the stock market.
- Also known as inheritance tax.
- Imposed on the transaction of commodities in commodity exchanges.
- Introduced in 2022-23.
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The Correct Option is A
Solution and Explanation
STT is a tax imposed on transactions involving shares and securities on stock exchanges. It is distinct from taxes like inheritance tax or commodity transaction taxes and was introduced earlier than 2022-23.
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