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flag Indian brokers must report and pay overdue STT to the government by March 17, 2026, with interest.

flag The National Stock Exchange (NSE) has directed Indian brokers and sub-brokers to report and remit excess Securities Transaction Tax (STT) collected from investors but not paid to the government for financial years up to FY24, following a directive from the Income Tax Department. flag Brokers must disclose the amounts and pay them, along with 1% monthly interest for delays, within seven days. flag The NSE will deposit the funds into government accounts. flag This follows a similar 2025 circular for earlier years and comes amid new STT rate increases effective April 2026, including higher taxes on futures and options.

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