Securities Transaction Tax | Latest & Breaking News on Securities Transaction Tax | Photos, Videos, Breaking Stories and Articles on Securities Transaction Tax

Market insiders expect STT hike in Budget 2024, expect HFTs to be hit hard

The capital markets regulator and the Economic Survey have raised concerns about the speculative nature of derivatives trading

Should traders be worried about the securities transaction tax in Union Budget 2024?

Budget 2024-25: Market participants are expecting a raise and for it to affect high-frequency traders the most

Relief for F&O traders, STT kept unchanged in the Interim Budget

With the sudden rise in F&O volumes, market participants had been worried that a tax hike to slow down the pace would be introduced

Budget Snapshot: STT collection overshoots estimates

Initially introduced for a short-term period, the STT has become a permanent fixture in the government's income statement

STT hike on options trading to pinch small traders more than sellers: 5paisa CEO

However, the NSE rolling back the 6 percent hike in transaction charges will provide some respite, as otherwise it would’ve been a double whammy, feels Prakarsh Gagdani, CEO, 5paisa.com

Bank stocks in focus, block deal in Kalyan Jewellers, more trouble for Cafe Coffee Day | Market Minutes

In this episode of Market Minutes, Shailaja Mohapatra talks about the rebound in banking shares on Wall Street, Warburg Pincus' stake sale in Kalyan Jewellers and SEBI's penalty on Coffee Day Enterprises. Also catch SK Hozefa of Tradeplus share his views on the hike in securities transaction tax. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends.

Direct tax kitty grows 30% in FY23 to Rs 8.36 lakh crore on higher advance tax mop-up

The cumulative advance tax collections for April-September stand at Rs 2,95,308 crore as on September 17, up 17 per cent over the year-ago period.

CBDT proposes norms for tax benefits for genuine equity deals

As per the Finance Act, 2017, the income arising by way of a transfer of long-term capital asset, being equity share in a company, will be exempt from tax if such transfer is undertaken after October 1, 2004 and chargeable to Securities Transaction Tax (STT).

Long-term capital gains tax: Clarity awaited on transactions

While the industry perceives the move as a partial relief, it is not yet clear as to what are the list of transactions that will be exempt. A separate circular on this aspect is expected.

Budget 2017: Balanced deal for private equity funds

It has been clarified that the clarification provided in Budget 2016 on benefit of concessional rate of 10% on transfer of shares of a private company (being long term capital asset) shall apply from 1st April, 2013.

Union Budget 2017-18: Jaitley tightens screws on money launderers using stock market

From April 1, 2018, only those investments in equities will be eligible for long term capital gains, where securities transaction tax (STT) has been paid. In other words, only shares bought through the stock exchange platform will be eligible for long term capital gains tax.

Tax woes add to mkt worries but weakness to end soon: SP Tulsian

Union Finance Minister Arun Jaitley on Sunday clarified that there is no plan to impose long-term capital gains tax on securities investments. Speaking to CNBC-TV18, SP Tulsian says that if there is long-term capital gain tax then that should not be along with the securities transaction tax (STT).

Not fair to say mkt isn't paying taxes; STT is painless: Damani

Speaking to Ramesh Damani, Member of BSE said that they do pay their share of taxes in the form Securities Transaction Tax.

COMMENT: Raids or capital gains tax hike? What is Modi‘s plan for market?

Over the last five years, tax authorities have been steadily plugging the loopholes which stock brokers exploited to help individuals evade taxes and launder black money

Cash purchase of goods,services over Rs2lakh to attract 1% tax

Payment in cash for buying goods and services worth more than Rs 2 lakh with the exception of jewellery will attract 1 per cent tax collected at source (TCS) from June 1

'Govt may not raise time frame of long-term capital gains tax'

Recent reports have suggested that the government is mulling whether to change the definition of 'long term' from one year to three years, thus ensuring that investors don't exit till three years unless willing to pay tax.

Budget 2016: Equity Fund-of-Funds should get tax treatment of equity funds

These schemes are treated as debt funds for the purpose of tax treatment, which makes them unattractive.

BSE seeks clarity on tax on convertible securities

The exchange, which made these submissions to the Finance Ministry ahead of the Budget, has said the current taxation norms do not provide clarity on the issue.

Budget 2016: Short term capital gains on equity MF must be rationalised

The rate at which the short term capital gains are taxed in equity mutual funds, is punitive to small investors in 10% tax slab.

BSE brokers forum seeks industry status for stock broking

"The stock broking fraternity, once given industry status, would ensure access to bank funding, which would ensure that they are able to expand their business in more cities," BSE brokers forum said in its pre-Budget memorandum.

How to compute tax on gains on listed & unlisted shares

Buying and selling of shares result in capital gains for traders. This article explains how the traders should arrive at the their tax liability.

STT biased towards speculative derivative trade: BSE

To check tax evasion and attract more retail investors to stock markets, top exchange BSE has proposed that the Securities Transaction Tax (STT) should be substituted by Long Term Capital Gains Tax (LTCG) on equities.

Three conditions that define capital gains tax on shares

Time frame of investment is not the only condition that defines how much capital gains one pays on his investments in shares. One cannot ignore other conditions too.