Economics · Financial Markets and Taxation
With reference to Securities Transaction Tax (STT) and derivatives trading in India, consider the following statements: I. Securities Transaction Tax (STT) is levied only at the time of physical delivery of derivative contracts and therefore does not affect cash-settled intraday trading strategies. II. Derivative instruments in India are primarily designed for direct capital formation and long-term investment, identical to equity shares. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither I nor II✓
- 2Both I and II
- 3II only
- 4I only
Correct answer
Neither I nor II
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