Current Affairs · Securities Taxation
Which one of the following best describes the primary objective behind the introduction of Securities Transaction Tax (STT)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To provide direct subsidies for retail stock market participation
- 2To improve traceability of securities transactions and curb tax evasion✓
- 3To discourage foreign institutional investment in Indian equity markets
- 4To replace Goods and Services Tax on all financial transactions
Correct answer
To improve traceability of securities transactions and curb tax evasion
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