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Securities tax mop-up at 70% of Budget target amid market rally

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

Topics
Securities Transaction Tax | STT collections | stock market

Dilasha Seth  |  New Delhi 



securities transaction tax
Illustration by Ajay Mohanty

More than 70 per cent of the budgetary target for collection of the (STT) has been achieved by August itself, on the back of increased retail participation in the . The STT collection as on August 12 stood at Rs 8,800 crore, against the target of Rs 12,500 crore. In fact, the growth is 64 per cent over the mop-up of Rs 5,291 crore until August 2020.

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First Published: Mon, August 16 2021. 06:08 IST

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