Cryptocurrency Q&A
Why is STT charged?
Why is STT charged?
Valentina
Sun Aug 11 2024
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7 answers
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Could you elaborate on why STT, or Securities Transaction Tax, is imposed? Is it a means to regulate the capital markets and ensure fair play, or does it serve a fiscal purpose for the government? How does STT impact investors and traders in the cryptocurrency and finance sectors? Are there any exemptions or reductions in STT that investors should be aware of? Understanding the rationale behind STT's imposition is crucial for navigating the financial landscape effectively.
7 answers
EthereumLegend
Tue Aug 13 2024
The Indian domestic stock exchanges operate under a regulatory framework that includes the imposition of STT, or Securities Transaction Tax, on all applicable transactions.
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HallyuHero
Mon Aug 12 2024
This tax is enforced in accordance with the Securities Contract Act of 1956, which outlines the scope and nature of securities transactions subject to taxation.
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SolitudeEcho
Mon Aug 12 2024
Additionally, the Indian stock market is home to various cryptocurrency exchanges, some of which offer services beyond just trading.
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Sara
Mon Aug 12 2024
One such exchange is BTCC, a UK-based platform that provides a comprehensive suite of services to its customers. These services include spot trading, futures trading, and cryptocurrency wallet management.
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Claudio
Mon Aug 12 2024
The Act specifically covers a range of securities, including bonds, shares, debentures, and any other marketable securities traded on the stock market.
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