Securities transaction tax (STT) Subject: Economy Context: A substantial part of the submissions of the financial sector at the pre-Budget meeting centered around ‘taxation’ issues. Details: Capital market participants have urged to reduce the securities transaction tax (STT) rate for cash market transactions, while hiking the STT rate for futures and options. The […]
Securities Transaction Tax (STT) Subject – Economy Context – STT collections already 57% higher than Budget Estimate for full FY22 Concept – To know about Securities Transaction Tax (STT), please refer September 2021 DPN.
Securities Transaction Tax (STT) Subject – Economy Context – At ₹11,000 crore, STT mop-up in Apr-Sept closes in on FY22 target Concept – Securities transaction tax (STT) is a direct tax levied at the time of purchase and sale of securities listed on stock exchanges in India. Securities are tradable investment instruments such […]