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PM Modi warns dishonest of ruin after Dec 30, promises more difficult reforms

PM Modi warns dishonest of ruin after Dec 30, promises more difficult reforms

Prime Minister today warned of ruin for the dishonest after the expiry of December 30 deadline for depositing scrapped currency and said they should not underestimate the mood of the country against corruption.

BSE seeks clarity on tax on convertible securities

BSE seeks clarity on tax on convertible securities

Top bourse BSE has asked the government to provide clarity on whether securities transaction tax (STT) is applicable on convertible securities like preference shares and warrants.

BSE asks brokers to remit excess STT to government

Leading bourse BSE on Thursday asked its stock brokers to furnish details of excess securities transaction tax (STT) collected by them during 2013-14 and earlier as well as remit the amount to the government.  

Securities trading tax structure biased towards speculative derivative trade: BSE

Securities trading tax structure 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.

Direct tax collections up 13% in 9 months of FY'15

The direct tax collection during the first nine months of the current fiscal increased by 12.93 percent to Rs 5.46 lakh crore over the same period a year ago.

Rationalise taxation to boost investment culture: BSE CEO

The maximum STT is for delivery-based transactions that are investment transactions.

Net direct tax collection at Rs 2.60 lakh crore

Net direct tax collection so far in the current fiscal stood at Rs 2.60 lakh crore, said a senior finance ministry official.

BSE seeks reduction in securities transaction tax

To attract more investors into the stock market, leading bourse BSE has pitched for reduction in securities transaction tax and rationalise the taxation norms for different financial products -- a demand also made by SEBI and other market entities.

Govt eyes higher Securities Transaction Tax for next fiscal

The government has also lowered its STT target to Rs 5,497 crore from Rs 6,720 crore for the current fiscal.

Sebi study suggests lowering of STT

A Sebi commissioned study has suggested lowering of Securities Transaction Tax (STT) to boost the capital market.

Cabinet likely to consider DTC Bill today

The exemption limit at Rs 2 lakh for individual tax payers is unlikely to be touched, but a new slab of 35 percent may be introduced for the super-rich.

NSE reduces STT rate in capital mkts segment

The revision is as per the Finance Act 2013, which received Presidential assent on May 10.

Union Budget 2013: Govt to reduce securities transaction tax on certain segments

The government will reduce taxes levied on various transactions in the securities market, a move that will help in bringing down the overall cost for investors.

Commodity Transaction Tax: Why it is a bad idea

It is Budget time and the issue whether the Commodity Transaction Tax (CTT) should be imposed has cropped up again. Even as the government mulls over the contentious tax proposal, the idea has been vehemently opposed by all sides.

Net direct tax collection grows 12% in Apr-Jan

Net direct tax collection grew by 12.49 percent to over Rs 3.90 lakh crore in the April-January period, less than the budgeted annual target of 15 percent, reflecting the impact of slowdown.

STT needs to be used to incentivise investors: Sebi chief

Sebi chief U K Sinha on Tuesday said that Securities Transaction Tax should be used in such a way that it incentivises people to make investments for the long term rather than reap short term benefits.

Budget 2012: Securities Transaction Tax slashed

The measure would see STT coming down from 0.125 percent to 0.1 percent.

SEs to press for STT removal at meeting with FinMin officials

Ahead of the Budget, stock exchanges will pitch for abolition of the Securities Transaction Tax (STT) at their meeting with Finance Ministry officials Tuesday.

Govt may lower STT in Budget to boost markets

The Finance Ministry is likely to reduce Securities Transaction Tax (STT) on equity trade in the forthcoming Budget in a bid to boost the capital market despite pressure to improve revenue collection.

Govt has no proposal to lower STT: Min

The government has no proposal to lower the securities transaction tax (STT) for capital market transactions, S.S. Palanimanickam, Minister of State for Finance, told lawmakers.