Which authority levies and collects STT in India?
AState governments
BThe SEBI board
CThe Union Government
DStock exchanges
Answer & Solution
Correct answer: C. The Union Government
STT is a central levy collected by the Union Government.
Keep practising Capital Gains
Browse all Capital Gains questions for CA Inter, or explore more Taxation topics.
Related questions
A capital loss arises when the purchase price is what versus the sale price?Capital gain is generally computed by subtracting what from the sale price?Which is the correct list of the five heads of income?How many sections does the Income-tax Act, 2025 contain?From what date did the Income-tax Act, 2025 replace the 1961 Act?Which of these bonds is excluded from capital assets?Which personal-use movable property still counts as a capital asset?Which item is excluded from the definition of a capital asset?