Question:medium
Which of the following statement is true for Securities Transaction Tax (STT)?
Which of the following statement is true for Securities Transaction Tax (STT)?
Show Hint
STT ensures easy tax compliance for stock market transactions
Updated On: Feb 11, 2026
- Levied on the buying or selling of shares in the stock market.
- Also known as inheritance tax.
- Imposed on the transaction of commodities in commodity exchanges.
- Introduced in 2022-23.
Show Solution
The Correct Option is A
Solution and Explanation
Securities Transaction Tax (STT) is levied on share and security transactions executed on stock exchanges. Unlike inheritance tax or commodity transaction taxes, STT was implemented before the 2022-23 period.
Was this answer helpful?
0
Top Questions on Currency and Banking
- Specifies the minimum fraction of the total deposits of customers, which commercial banks have to hold as reserves either in cash or as deposits with the Central Bank.
- CUET (PG) - 2025
- Commerce
- Currency and Banking
Match List-I with List-II
- CUET (PG) - 2025
- Commerce
- Currency and Banking
- Which of the following are the main functions of RBI? (A). To maintain monetary stability in the economy
(B). To maintain stable payments system
(C). To regulate the overall volume of money and credit in the economy
(D). To promote the development of financial infrastructure of markets and systems- CUET (PG) - 2025
- Commerce
- Currency and Banking
- Which of the following is/are true for the secondary market?
(A) Facilitates liquidity and marketability of securities
(B) Provides valuation of securities
(C) Enables price discovery
(D) Creates a wealth effect
Choose the correct answer from the options given below :- CUET (PG) - 2024
- Commerce
- Currency and Banking
- Want to practice more? Try solving extra ecology questions todayView All Questions