Income Tax - Highlights / Catch Notes
Home Highlights March 2020 Year 2020 This
Short deduction / collection of Security Transaction Tax (STT) - ...
Income Tax
March 16, 2020
Short deduction / collection of Security Transaction Tax (STT) - Liability of National Stock Exchange (NSE) - On occasions where client codes for institutional trades were not modified by the broker, the trades were treated as squared off trades and a lower STT was levied. This resulted in the exchange charging a lower STT from the member broker while the member broker collected a higher delivery based STT from the client - under the statute NSE was not liable for any alleged short deduction of STT - HC
View Source
You may also like:
-
-
-
-
-
-
-
-
-
-
|