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Securities transaction tax collection up 5% on higher derivatives trade

Tax payouts from dividend distribution tax are up 2%

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Even tax payouts from dividend distribution tax (DDT) are up 2 per cent because of changes in the tax structure from April 1.

Shrimi Choudhary New Delhi

3 min read Last Updated : Mar 23 2020 | 1:22 AM IST

The weak markets have not had an impact on the government’s securities transaction tax (STT) kitty, which went up about 5 per cent year-on-year (YoY) in the current fiscal year to date.

According to an official in the Income Tax Department, STT collection stood at Rs 11,247 crore for fiscal year 2019-20 (FY20), until March 15, against the targeted Rs 12,500 crore. The department is hoping that the target will be crossed.

The reason for the higher STT is heightened volumes in the futures and options segment during April 2019 to January 2020, even as volumes fell in February. So far this

Topics : securities transactions Securities Transaction Tax Income Tax department

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