Economics · Taxation

Which of the following statements is true regarding Securities Transaction Tax (STT) in India?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1It was introduced recently in the Union Budget 2022-23.
2It is primarily imposed on the transaction of physical commodities in commodity exchanges.
3It is also known as inheritance tax.
4It is levied on the purchase or sale of securities listed on stock exchanges.✓

Correct answer

It is levied on the purchase or sale of securities listed on stock exchanges.

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