INCOME TAX INSTRUCTION NOnbsp32006 nbspDated  May 5 2006 Sub nbspScrutiny Guidelines for the purpose of Securities Transaction Tax STT  for issue of notices us 1021 of the Finance No2 Act 2004  reg The first return of taxable securities transactions as per section 1011 of the Finance No 2 Act 2004 for the financial year 200405 became due in June 2005 The Board has decided that to have detailed examination of all the returns filed in respect of taxable securities transactions for the financial year 200405 all such returns should be picked up for detailed investigation scrutiny under provisions of section 102 of the Finance No 2 Act 2004 2 You are requested to send feedback to facilitate proper effective and efficient administration of STT F No 31352005OT Praveen Kishore Under Secretary to the Govt of India nbsp