_______ is a type of direct Tax which is levied at the time of sale/purchase of securities through the Indian Stock Exchanges.

Options

A. Stamp Duty
B. Shares and Securities Tax
C. Stamp and Securities Tax
D. Securities Transaction Tax

Answer

D

Explanation

STT is a kind of financial Transaction tax which is similar to tax collected at source (TCS). STT is a direct tax levied on every purchase and sale of securities that are listed on the recognized stock exchanges in India.