Finance Minister Pranab Mukherjee has slashes the Securities Transaction tax, STT by 20% on all delivery transactions to 0.1% as against the existing 0.125%.
The FM has also proposed 50,000 tax exemption for retail investor, a new tax exemption for retail investment with lock-in and tax exemption on individual share investment below 10 lakh.
The FM also announced the introduction of Rajiv Gandhi Equity Scheme for retail investor.
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