This has reference to notice no Addl. CIT/Range 7(2)/STT Asst./2018-19 dated 28.11.2018 issued by Additional Commissioner of Income Tax, Range – 7(2), Mumbai. This notice was issued to draw attention towards excess STT collected by some brokers/sub-brokers, which is not being remitted to the Government account.
Hence, as per the instructions of the income tax department, a circular is hereby issued to the member brokers, requesting to furnish details of excess STT collected and retained with them for FY 2016-17 and for preceding years as on 31.03.17 directly to BSE Limited with intimation to the below mentioned address
Office of The Additional Commissioner of Income Tax,
Room No 126A, 1st Floor,
Aayakar Bhavan, M.K. Road,
Mumbai – 400020
The letters may be captioned as ‘Excess STT Retained – BSE’. The member brokers are directed to comply with the circular within 15 days from the date of issue of this circular. Also, the brokers/ sub brokers shall remit such excess STT collected along with interest @ 1% for every month’s delay to BSE Limited under the intimation to the above-mentioned office and, BSE Limited shall deposit the same to Government Account immediately.
Girish Amesara Harihara Subramanian
Financial Controller AGM F&A
BSE Limited BSE Limited