Other than Dividend Distribution Tax (DDT), the Securities Transaction Tax (STT) and Long-Term Capital Gains (LTCG) tax are other major taxes levied on market instruments. However, transactions in such long-term capital assets are liable to securities transaction tax (STT). IV. This regime is seen as inherently biased against manufacturing and has encouraged diversion of investment to financial assets. 6. Securities Transaction Tax. Corporate Tax. Income tax, corporation tax, wealth tax, capital gains tax, securities transaction tax