Securities Transaction Tax Interview Questions & Answers

Below we have listed all the Securities Transaction Tax Interview Questions and answers. Feel free to comment on any Securities Transaction Tax Interview Questions or answer by the comment feature available on the page.

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A lot of people do not declare their profit and avoid paying capital gain tax, as government can only tax those profits, which have been declared by people. To fight with this situation Government has introduced STT (Securities Transaction Tax ) which is applicable on every transaction done at stock exchange. That means if you buy or sell equity shares, derivative instruments, equity oriented Mutual Funds this tax is applicable. This tax is added to the price of security during the transaction itself, hence you cannot avoid (save) it. As this tax amount is very low people do not notice it much.