transaction tax

Buying jewellery over Rs 2 lakh cash to attract 1% TCS from April 1

Buying jewellery over Rs 2 lakh cash to attract 1% TCS from April 1

Cash purchases of jewellery will attract 1 per cent TCS (tax collected at source) from?April 1 if the amount exceeds Rs 2 lakh, as against the current threshold of Rs 5 lakh.

Feb 19, 2017, 12:55 PM IST

BSE proposes new transaction tax structure in capital markets

Pitching for a slew of reforms in the Indian capital markets, leading bourse BSE has suggested the government bring in a new transaction taxation structure and besides seeking tax pass through status for Infrastructure Investment Trusts (InvITs).

Jan 05, 2015, 16:05 PM IST

CBI questions Jignesh Shah

CBI on Friday resumed questioning of NSEL promoter Jignesh Shah in connection with a case registered against him for allegedly cheating and causing a loss of over Rs 120 crore to public sector undertaking PEC.

Mar 14, 2014, 22:55 PM IST

NSEL scam derailed commodity market in 2013

Commodity futures market's dream run came to a halt in 2013 as a Rs 5,600 crore scam in Jignesh Shah-led spot exchange NSEL and imposition of transaction tax on non-farm items hampered the growth of business, with turnover estimated to dip by 30 percent to Rs 125 lakh crore.

Dec 25, 2013, 12:32 PM IST

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.

Feb 28, 2013, 18:38 PM IST

Commodity transaction tax will promote 'dabba' trade: Industry

Any transaction tax on commodity derivatives will shift the declining business to either illegal 'dabba' trading or overseas commodity exchanges, warned the industry representatives.

Jan 20, 2013, 18:23 PM IST