What is the primary purpose of the Securities Transaction Tax (STT) in India?

"To regulate the trading of securities on international exchanges" "To generate revenue for funding government infrastructure projects" "To curb tax evasion on capital gains and promote efficient securities trading" "To encourage foreign investment in the Indian stock market"

Which of the following securities is NOT subject to STT in India?

"Units of a debt-oriented mutual fund" "Equity-oriented mutual fund units" "Futures and options contracts" "Shares of listed companies"

Who is responsible for collecting STT from investors and depositing it with the Indian government?

"Individual brokers" "The Securities and Exchange Board of India (SEBI)" "Listed stock exchanges or recognized entities" "The Reserve Bank of India (RBI)"

How is the STT levied on the sale of options in securities?

"As a percentage of the total value of the underlying asset" "As a flat fee per option contract" "As a percentage of the option's premium" "Based on the volume-weighted average price of the underlying security"

How is STT treated for income tax purposes in India for individuals engaged in trading securities for financial gains?

"STT is not considered for income tax purposes" "STT paid can be claimed as a deduction from capital gains" "STT is added to the capital gains for tax calculation" "STT is treated as business income and taxed accordingly"