Laws and sections by number or title, due dates, pages, and updates.
Reporting institutions submit Securities Transaction Tax returns electronically through SFTP servers using specified data formats. Recognized stock exchanges, mutual funds, and insurance companies prepare data files from internal systems. Eligible institutions send registration information as per Annexure A in a signed PDF format by email to the official address.
What you must do
Who is affected
Ask about this notification
1
DGIT(S)/ADG(S)-2/STT Filing/2022 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems)
Notification No. 2 of 2022 New Delhi, 24th June, 2022
Format, Procedure and Guidelines for submission of Form No. 1, Form No. 2 and Form No. 2A for Securities Transaction Tax (STT)
As per Section 101 of the Securities Transaction Tax, every recognized stock exchange or the prescribed person in the case of every Mutual Fund [or insurance company] [or the lead merchant banker in the case of an initial public offer] [or an initial offer] shall, within the prescribed time after the end of each financial year, prepare and deliver or cause to be delivered a return to the Assessing Officer or to any other authority or agency authorized by the Board.
For the purposes of filing of Securities Transaction Tax return electronically, CBDT has issued Notification No. 9/2022 dated 18.01.2022. As per the notification, a new class of person i.e. Insurance Company has been made responsible for collection and payment of securities transaction tax. A new Form No. 2A has also been introduced as per the said notification, to be filed by Insurance Company for furnishing Securities Transaction Tax return. The new sub rule 2A of rule 7 empowers Director General of Income Tax (Systems) to specify the procedures, formats and standards for ensuring secure capture and transmission of data.
All eligible reporting institutions having obligation to submit Securities Transaction Tax return are requested to submit the registration information as per Annexure A and send the signed copy in pdf format (size upto 1Mb) on ITD official email id at stt.reporting@insight.gov.in .The guidelines for preparation and submission of Securities Transaction Tax Return have been mentioned in the STT Rules 2004 amended via notification 9 of 2022. The format of return (Form No. 1, Form No. 2 and Form No. 2A) to be submitted is given in Annexure B. The data structure rules are enclosed in Annexure C . Notification of 2004, Securities Transaction Tax, Rules dated 29.09.2004 may be referred for class of persons responsible for filing Form No. 1 and Form No.
The new rule 5A inserted via Notification No. 9/2022 may be referred for class of persons responsible for filing Form No. 2A.
All the Reporting Institutions (class of person responsible) as defined in the Securities Transaction Rules 2004 and further modified by Securities Transaction Tax (1st Amendment), Rules,2022 dated 18th January 2022 are required to prepare the data file in prescribed format from their internal system. Reporting Institutions are required to submit the data files using SFTP Server using the login credentials (To be communicated separately).
3
Annexure A Request of creation of SFTP User For filing of Securities Transaction Tax (STT) Return
Reporting Entity Information
Name of the Reporting Entity
PAN
ITDREIN (If available)
Address of the Reporting Entity
State
PIN Code
Applicable Form (Form 1/2/2A)
Nodal Officer Information
Name
Official Email-ID
Role
Alternate official Email-ID (optional)
Employee ID (optional)
Designation
Office Address
Mobile Number for sharing password
Alternate Mobile Number (optional)
I, ............................... (full name in block letters), son/ daughter of ............ solemnly declare that to the best of my knowledge and belief the information given in this declaration is correct and complete. Further declare that I am making this declaration in my capacity as .............................. and I am also competent to provide the above information and verify it.
Date: Place:
Sd./-
(Name and Signature)
4
Annexure B Form No. 1 (See rule 7 of Securities Transaction Rules, 2004) Return of Taxable Securities Transactions For recognized stock exchanges
1 Name of the Stock Exchange
2 Address of the Stock Exchange
3 PAN of the Stock Exchange
4 Financial Year
5 JURISDICTIONAL WARD/ CIRCLE/ RANGE
6.1 Total Value of taxable Securities transactions (In Rs.) (Code 01)*
6.2 Total Value of taxable Securities transactions (In Rs.) (Code 02)
6.3 Total Value of taxable Securities transactions (In Rs.) (Code 03)
6.4 Total Value of taxable Securities transactions (In Rs.) (Code 04)
6.5 Total Value of taxable Securities transactions (In Rs.) (Code 05)
6.6 Total (6.1 to 6.5)
7.1 Securities transaction tax Collectible (In Rs.) (Code 01) Schedule
7.2 Securities transaction tax Collectible (In Rs.) (Code 02) Schedule
7.3 Securities transaction tax Collectible (In Rs.) (Code 03) Schedule
7.4 Total Securities Transaction tax collectible (In Rs.) (Code 04)
7.5 Total Securities Transaction tax collectible (In Rs.) (Code 05)
7.6 Total (7.1 to 7.5)
8 Total Securities Transaction tax collected (In Rs.)
9 Total Securities Transaction tax paid (In Rs.)
10 Securities Transaction Tax Payable/ Refundable (7-9)
11 Interest payable u/s 104 (In Rs.)
12 Interest Paid
I, ________________ (full name in block letters), son/ daughter of ___________ solemnly declare that to the best of my knowledge and belief the information given in this return and schedules accompanying it is correct
5
and complete and that the total value of taxable securities transactions and other particulars shown therein are truly stated and are in accordance with provisions of Chapter VII of the Finance (No.2) Act, 2004 and Securities Transaction Tax Rules, 2004. I further declare that I am making this return in my capacity as ____________ and I am also competent to make this return and verify it. Date ________ Place _______
(Name and Signature )
6
Form No. 2 (See rule 7 of Securities Transaction Rules, 204) Return of Taxable Securities Transactions For Mutual Funds
1 Name of the Mutual Fund
2 Date of registration of trust deed for the mutual fund under the Indian Registration Act, 1908
3 Names and addresses of trustees (Provide detail in Schedule A)
4.1 Name of Asset Management Company for the fund
4.2 Address of Asset Management Company for the fund
5 PAN of Asset Management Company for the fund
6 Financial Year
7 JURISDICTIONAL Ward/ Circle/ Range
8 Number of equity oriented funds
9 Value of taxable securities transactions (In Rs.)
10 Total securities transaction tax collectible (In Rs.)
11 Total securities transaction tax collected (In Rs.)
12 Total securities transaction tax Paid (In Rs.)
13 Securities transaction tax payable/refundable (In Rs.) (10-12)
14 Interest payable under section 104 (In Rs.)
15 Interest paid (In Rs.)
Verification I, ________________ (full name in block letters), son/ daughter of ___________ solemnly declare that to the best of my knowledge and belief the information given in this return and schedules accompanying it is correct and complete and that the total value of taxable securities transactions and other particulars shown therein are truly stated and are in accordance with provisions of Chapter VII of the Finance (No.2) Act, 2004 and Securities Transaction Tax Rules, 2004. I further declare that I am making this return in my capacity as ____________ and I am also competent to make this return and verify it Date ________ Place _______
(Name and Signature )
7
Form No. 2A (See rule 7 of Securities Transaction Rules, 204) Return of Taxable Securities Transactions for Insurance Company 1 Name of the Insurance Company
2 Date of Registration/Incorporation under the Companies Act, 2013
3 Permanent Account Number (PAN)
4 Financial Year
5 Jurisdictional Assessing Officer
6 Number of equity oriented funds
7 Value of taxable securities transactions
8 Total securities transaction tax collectible
9 Total securities transaction tax collected
10 Total securities transaction tax paid
11 Securities transaction tax payable/refundable
12 Interest payable under section 104
13 Interest paid
14 Details of Equity Oriented Funds with respect to Unit Linked Insurance Policies issued by the Insurance company on or after the first day of February, 2021
15 Month wise details of taxable securities transaction tax for the FY mentioned in column 4
16 Details of securities transaction tax/interest paid
Verification I, ........... (full name in block letters), son/ daughter of ............ solemnly declare that to the best of my knowledge and belief the information given in this return is correct and complete and that the total value of taxable securities transactions and other particulars shown therein are truly stated and are in accordance with provisions of Chapter VII of the Finance (No.2) Act, 2004 and the Securities Transaction Tax Rules, 2004. I further declare that I am making this return in my capacity as ......... and I am also competent to make this return and verify it. Date ________ Place _______
(Name and Signature )
