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About 161 results for "securities transaction tax"

No LTCG on 'genuine investments', clarifies govt

No LTCG on 'genuine investments', clarifies govt

Allaying investor fears over the levy of long-term capital gains tax on share transfer in unlisted companies, the government on Friday said the move is only to target 'khoka' companies, and 'genuine investments' in start-ups and through FDI will be exempt. In an interview to PTI, Revenue Secretary Hasmukh Adhia said securities transaction tax was levied in 2004 and capital gains made out of STT-paid listed stocks are exempt from long-term capital gains tax. "This is only available for listed ..., 3 weeks ago

11 images for securities transaction tax, 2 weeks ago, 2 weeks ago
Deccan Chronicle, 3 weeks ago
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Sensex rallies 486 points as Budget leaves long-term capital gains tax unchanged

No change in securities transaction tax, other taxes Mumbai, Feb 1: Cheering Budget proposals of infusing Rs 10,000 crore in public sector banks and keeping the long-term capital gains tax unchanged for the capital markets, the benchmark Sensex regained the ...
 Business Line3 weeks ago Sensex does a high-five to Budget, soars 400 pts  Deccan Herald3 weeks ago

Govt moves to curb 'sham' deals in stock market

To clamp down on tax evasion through "sham transactions" in stock market, the government today proposed to provide exemption from long-term capital gains tax only if STT has been charged on purchase of shares and other "genuine cases" such as public offers.
 Business Standard3 weeks ago Sebi pitches for tax rationalisation in capital markets  Business Standard1 month ago

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.
 Money Control1 month ago

UPDATE 1-India's investors brace for transaction tax hike, less friendly budget

(Updates with details of India's upcoming rules cracking downon tax avoidance) By Rafael Nam MUMBAI, Jan 27 (Reuters) - Investors in India are bracingfor higher taxes and fewer incentives from the government'sannual budget on Feb. 1 as the focus shifts to ...
 Sify4 weeks ago Investors brace for higher taxes, fewer incentives  Sify4 weeks ago

Sebi finds lack of evidence in tax evasion of 38K cr

Legal hurdle cited in I-T action against 32,000 entities. The Securities and Exchange Board of India has told the income tax department there's not enough evidence to establish a charge against 32,000 entities on tax evasion. These companies had allegedly misused the stock exchange platform for booking long-term capital gains, to evade taxes. The amount of evasion in question is supposed to be  38,000 crore. According to the markets regulator, the evidence and references provided by the ...
 Rediff.com1 month ago

Who can put the Gini in the bottle?

The Finance Minister ought to bring down IT rates which would be welcomed. Perhaps introduce a banking transaction tax, much like a securities transaction tax. December 30, 2016: The Gini coefficient measures the level of inequality in any society. Inequality ...
 Business Line1 month ago

Govt to issue exemption list on new tax for unlisted firms

Government will come out with an "exhaustive list" of transactions on which the "anti-abuse" provision of levying long-term capital gains tax on share transfer in unlisted companies will not be applicable. Central Board of Direct Taxes (CBDT) Chairman Sushil ...
 Business Standard2 weeks ago

Jaitley likely to retain CTT

The government is unlikely to make any changes in the commodities transaction tax (CTT) in the Union budget, amidst demand from exchanges to scrap the levy. The imposition is said to be detrimental to the growth of futures trading in the country. There is no ...
 The Financial Chronicle1 month ago

RBI proposes to waive transactions charges, cut interest rate for credit cards

In an attempt to promote cashless transactions in the country, the Reserve Bank of India has given banks the freedom to fix bank service charges for transactions, stated Santosh Kumar Gangwar, Minister of State in the Ministry of Finance.The RBI has deregulated interest rates on credit card dues. Interest rates are determined by banks with the approval of their respective Board of Directors subject to regulatory guidelines on interest rate on advances issued by RBI from time to time. RBI does ...
 Rediff.com2 weeks ago
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