n NISM Certifications
V-A NISM Series V-A
Medium

STT is _________ on transactions in debt or debt-oriented mutual fund (including liquid fund) units.

Practice question from NISM Series V A - Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Applicable

  2. Not applicable

    Correct answer

Why this is the answer

STT (Securities Transaction Tax) is only applicable to equity transactions, not to debt or debt-oriented mutual fund transactions.

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