Securities Transaction Tax (STT) is a tax being levied on all transactions done on the stock exchanges.
Securities Transaction Tax is applicable on purchase or sale of equity shares, derivatives, equity oriented funds and equity oriented Mutual Funds.
Current STT on purchase or sell of an equity share is 0.075%.
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KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.