Tag: securities transaction tax

Net direct tax collection grows 18% to ₹11.25 lakh cr

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Net direct tax collection grows 18% to ₹11.25 lakh cr

Photo used for representation purpose only. Net direct tax collection grew 18.3% to about ₹11.25 lakh crore as of October 10 this fiscal, government data showed on Friday (October 11, 2024). The mop-up includes personal income tax collection of ₹5.98 lakh crore and corporate tax collection of ₹4.94 lakh crore. Securities Transaction Tax (STT) stood…

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Stock markets fall for 4th day on selling in banking shares, STT hike

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Stock markets fall for 4th day on selling in banking shares, STT hike

Image for representational purposes only. | Photo Credit: PTI Benchmark BSE Sensex declined for the fourth day in a row on July 24 due to selling in financial and banking shares and the government’s move to hike securities transaction tax and short term capital gains tax. The 30-share BSE Sensex declined 280.16 points or 0.35%…

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FM proposes hike in STT on F&Os to discourage retail participation

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FM proposes hike in STT on F&Os to discourage retail participation

Union Finance Minister Nirmala Sitharaman. | Photo Credit: PTI Finance Minister Nirmala Sitharaman on July 23 proposed to increase the rate of securities transaction tax (STT) on futures and options (F&O) trade to discourage retail investors’ participation in the risky instrument. “It is proposed to increase the rates of STT on the sale of an…

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