Sensex

Thursday, May 30, 2013

Fw: Levy of Commodity Transaction Tax

 

Levy of Commodity Transaction Tax
IIFL
Dear Customer,
Sub: Levy of Commodity Transaction Tax
This is to inform you that subsequent to the presidential assent to the Finance Act 2013 received on May 10, 2013, the levy of Commodity Transaction Tax (CTT) is introduced with effect from June 1, 2013 as below:-
Transaction Rates Payable by
Sale of commodity derivative (other than agricultural commodities) entered on a recognized association 0.01% Seller
For any clarification or assistance, you may contact the nearest branch / write to us at comm@indiainfoline.com or reach our customer service desk at (022) 40071000 or at our zonal customer service numbers: North -011-49315020, East - 033-44048600, Maharashtra-022-40609292, Gujarat and Madhya Pradesh -079-40271800 and South-080-40547030.
Regards,
Loveena Khatwani
Head, Customer Service
India Infoline Commodities Limited


Fw: Revision in rates of Securities Transaction Tax

 

Revision in rates of Securities Transaction Tax
IIFL
Dear Customer,
Sub: Revision in rates of Securities Transaction Tax
This is to inform you that subsequent to the presidential assent to the Finance Act 2013 received on May 10, 2013, the rates of levy of Securities Transaction Tax (STT) are revised with effect from June 1, 2013 as below:-
Sr. No. Taxable securities transaction Effective rate till 31.05.2013 New rate from 01.06.2013 Payable by
A B C D E
1. Purchase of an equity share in a company, where -
(a) the transaction of such purchase is entered into in a recognised stock exchange; and
(b) the contract for the purchase of such share is settled by the actual delivery or transfer of such share
0.1 per cent 0.1 per cent
(No Change)
Purchaser
  Purchase of a unit of an equity oriented fund, where -
(a) the transaction of such purchase is entered into in a recognised stock exchange; and
(b) the contract for the purchase of such unit is settled by the actual delivery or transfer of such unit
0.1 per cent NIL -
2. Sale of an equity share in a company, where –
(a) the transaction of such sale is entered into in recognised stock exchange; and
(b) the contract for the sale of such share is settled by the actual delivery or transfer of such share
0.1 per cent 0.1 per cent
(No Change)
Seller
2 A. Sale of a unit of an equity oriented fund, where –
(a) the transaction of such sale is entered into in a recognised stock exchange; and
(b) the contract for the sale of such unit is settled by the actual delivery or transfer of such unit
0.1 per cent 0.001 per cent Seller
3. Sale of an equity share in a company or a unit of an equity oriented fund, where –
(a) the transaction of such sale is entered into in a recognised stock exchange; and
(b) the contract for the sale of such share or unit is settled otherwise than by the actual delivery or transfer of such share or unit
0.025 per cent 0.025 per cent
(No Change)
Seller
4. (a) Sale of an option in securities

(b) Sale of an option in securities, where option is exercised

(c ) Sale of a futures in securities
0.017 per cent

0.125 per cent

0.017 per cent
0.017 per cent
(No Change)
0.125 per cent
(No Change)
0.01 per cent
Seller

Purchaser

Seller
For any clarification or assistance, you may contact the nearest branch / write to us at cs@indiainfoline.com or reach our customer service desk at (022) 40071000 or at our zonal customer service numbers: North -011-49315020, East - 033-44048600, Maharashtra-022-40609292, Gujarat and Madhya Pradesh -079-40271800 and South-080-40547030.
Regards,
Loveena Khatwani
Head, Customer Service
India Infoline Limited