Cryptocurrency Q&A
What is STT in the stock market?
What is STT in the stock market?
Moonshadow
Sun Aug 11 2024
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7 answers
1579
Excuse me, could you please clarify for me what exactly STT stands for in the context of the stock market? I'm a bit unclear on the abbreviation and its significance in financial transactions. Could you elaborate on its purpose, how it's calculated, and perhaps give an example of when STT would be applicable? Your insights would be greatly appreciated.
7 answers
GinsengBoost
Mon Aug 12 2024
The primary objective of this tax is to generate revenue for the government and discourage speculative trading in the stock market.
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StormGlider
Mon Aug 12 2024
The Securities Transaction Tax (STT) is a significant fiscal measure implemented in India's financial landscape.
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GwanghwamunGuardianAngelWingsBlessing
Mon Aug 12 2024
Investors engaging in equity transactions are required to pay STT, which is calculated as a percentage of the transaction value.
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ShintoBlessing
Mon Aug 12 2024
It is a direct tax applied to all transactions involving the buying and selling of equity securities.
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isabella_oliver_musician
Mon Aug 12 2024
The STT rate can vary depending on various factors, including the type of security traded and the nature of the transaction.
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