Mutual Funds
What is STT?
Securities Transaction Tax (STT) is a tax being levied on all transactions done on the stock exchanges at rates prescribed by the Central Government from time to time. Pursuant to the enactment of the Finance (No.2) Act, 2004, the Government of India notified the Securities Transaction Tax Rules, 2004 and STT came into effect from October 1, 2004.
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More from this specialization
- How to choose a scheme for investment from a number of schemes available?
- How to know the performance of a mutual fund scheme?
- Can a mutual fund change the nature of the scheme from the one specified in the offer document?
- How to invest in a scheme of a mutual fund?
- Is the higher net worth of the sponsor a guarantee for better returns?
- What is a Load or no-load Fund?