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Budget Analysis 2008 |
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DIRECT TAXES
SECURITIES TRANSACTION TAX
1. SECURITIES TRANSACTION TAX :-
The Incidence of STT in respect of options has been reduced to the
premium amount for the sale of option. When the option is exercised
(Which is not possible under the existing regulations), STT would also
be payable by the purchaser of the option on the strike price. This
would be in addition to the STT paid by the seller of the option on the
premium.