Cryptocurrency Q&A
What is the rate of STT on buying shares?
What is the rate of STT on buying shares?
benjamin_rose_author
Sun Aug 11 2024
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5 answers
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Excuse me, could you please clarify for me the exact rate of STT, or Securities Transaction Tax, that applies when one is purchasing shares in the current market? I understand that this tax varies depending on several factors, such as the type of shares being purchased and the value of the transaction, but I'm looking for a general understanding of the standard rate. Additionally, is there any specific threshold or exemption that applies to STT on share purchases? Your insight would be greatly appreciated.
5 answers
CryptoElite
Tue Aug 13 2024
The STT rate for sales of securities stands at 0.025% of the transaction value. This measure is designed to encourage long-term investment rather than short-term speculation.
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Federico
Tue Aug 13 2024
Securities Transaction Tax (STT) represents a direct levy imposed on the trading of securities listed on Indian exchanges. This tax aims to regulate and potentially curb speculative trading in the securities market.
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Federico
Mon Aug 12 2024
Conversely, for both the purchase and sale of securities, a higher STT rate of 0.1% applies. This double taxation serves as a deterrent for frequent trading, aiming to stabilize the market and reduce volatility.
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CryptoWanderer
Mon Aug 12 2024
For options trading, STT is levied at 0.125% of the intrinsic value of the options that are bought and exercised. This approach recognizes the unique nature of options trading and aims to ensure a fair and equitable tax burden.
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SamsungSpark
Mon Aug 12 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive range of services to its clients. These include spot trading, which allows users to buy and sell cryptocurrencies at the current market price.
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