Securities Transaction Tax

A Supreme Court bench led by Justice JB Pardiwala sought the Centre's response to a plea alleging the Securities Transaction Tax violates equality and trade rights

Foreign and domestic traders should be treated equitably in tax matters

The rise in Angel One share price came after the company announced that it will revise brokerage charges with effect from November 1, 2024

At 7:20 AM, GIFT Nifty futures were trading approximately 8 points higher at 25,998 against Nifty futures close, suggesting a muted opening.

Budget with BS: The Fine Print: 'Atithi Devo Bhava' is good for tourism not for financial markets; there should be no differential treatment, said Nilesh Shah, managing director of Kotak Mutual Fund

Collection in H1 over 50% of BE of Rs 27,625 cr

Investors' 'fast mind' gets lured towards the F&O segment, enticed by the prospects of quick gains. A campaign targeting the 'slow mind' can induce prudence

From April 1, the centre increased the STT on sales of futures and option (F&O) contracts by 25 per cent

STT raised as Finance Bill passes without discussion

Sebi study for FY22 had shown that 9 out of 10 F&O traders had incurred losses

Also seeks relaxations in set-off provisions for carry forward business loss

The net collection numbers as on today is Rs 13.63 trn which is against Rs 11.18 trn of 2018-19, Rs 10.28 trn of 2019-20 and Rs 9.24 trn of 2020-21, he said

Collections already stand at Rs 12K crore, compared to Budget target of Rs 12.5K crore

The STT is a direct tax payable on the value of taxable securities transactions done through a stock exchange

Strong first quarter could help STT mop-up surpass Budget Estimates for FY22, say govt officials

Tax payouts from mutual fund unit holders shoot up by 84%

The department collected Rs 2,568 crore against Rs 2,262 crore in the corresponding period a year ago.

Tax payouts from dividend distribution tax are up 2%

Lower transaction costs alone won't increase capital market activity

Next hearing on August 16; Brokers' body moved court against NSE on levy, which is 10 times higher than 0.01% levy on cash-settled stocks