STT meaning in Stock Exchange ?

Answer:

What is Securities Transaction Tax mean?

Securities Transaction Tax (STT) is a tax payable in India on the value of securities (excluding commodities and currency) transacted through a recognized stock exchange. As of 2016, it is 0.1% for delivery based equity trading.

STT does not apply to off-market transactions or on commodity or currency transactions. The original tax rate was set at 0.125% for a delivery-based equity transaction and 0.025% on an intra-day transaction. The rate was set at 0.017% on all Futures and Options transactions.

STT was originally introduced in 2004 by the then Finance Minister, P. Chidambaram to stop tax avoidance of capital gains tax. The government reduced this tax in the 2013 budget after protests for years by the brokers and the trading community. The revised STT for delivery-based equity trading is 0.1% on the turnover. For Futures, the tax has been reduced to 0.01% on the sell-side only. For Equity Options, the STT has been reduced to 0.05% on the sell side of the premium amount. The rest of the tax structure remains as is. STTis a direct tax.

The STT is levied and collected by the union government of India.STT can be paid by the seller or the purchaser depending on the transaction. The Securities Contract (Regulation) Act, 1956 defines Securities the transaction of which are taxable under STT..

reference

Full Form	Category
State Transition Table	Academic & Science
Student Tech Team	Academic & Science
Student Techno Team	Academic & Science
Student Time Teaching	Academic & Science
Scientific Tools and Techniques	Academic & Science
Silt Tech Tool	Academic & Science
Spin Transfer Torque	Academic & Science
Spinning Tube in Tube	Academic & Science
St Thomas Island	Airport Code
Secure Transaction Technology	Business
Straight, P.L.C. (de-listed)	Business
Super Traction Tire	Business
Single Trend Trading	Business
Sinar Terhani Trading	Business
Security Transaction Tax	Business
State Street Corporation	Business
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StarTerra	Cryptocurrency
Straight To Tape Tom	General
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Speculative Taint Tracking	General
Small Tactical Terminals	General
Spin Torque Transfer	General
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Stop Tail and Turns	General
Stop Start Technology	General
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Spezial Tourenwagen Trophy	General
Silence Tread Technology	General
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Super Traction Tyre	General
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Super Traction Tread	General
Special Teams Tackle	General
Star Trek Timelines	General
Submarine Tactical Terminal	General
Subcommittee on Telecommunications Security of NTISSC (National Telecommunications and Information Systems Security Committee)	Governmental
Cyril E King Airport	Governmental
Short Term Trip	Governmental
Short Term Test	Governmental
State, Territory or Tribe	Governmental
SOOKERATING	Indian Railway Station
Short Term Temporary	Jobs
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Segmented Treatment Table	Medical
Scapho Trapezio Trapezoid	Medical
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Securities Transaction Tax	Stock Exchange