STT

  • Budget 2012: Government cuts STT to 0.1 pc March 16, 2012

    New Delhi: The Government on Friday lowered the securities transaction tax (STT) to 0.1 per cent, a move that will bring down costs of equity transactions. STT, which was introduced in 2004, is levied on the sale and purchase of equities. "In order to reduce transaction costs in the capital markets,...
  • Union Budget to decide market sentiment February 13, 2012

    Mumbai, Last week was indeed flat and positive with NIFTY gaining back almost all that it had lost during the first few days. Immense fund flow clubbed with retail participation helped NIFTY to move above 5400, hinting that the markets are entering another bull phase. NIFTY is on a consolidation...
  • Stock exchanges for abolition of STT in Budget February 7, 2012

    New Delhi: Stock exchanges on Tuesday pitched for abolition of the Securities Transaction Tax (STT) on equity trades at their meeting with Finance Ministry officials in New Delhi. The issue of removal of STT was raised by representatives of different stock exchanges, including BSE, National Stock Exchange, MCXSX and USE. Besides,...
  • Govt considers tax reforms to ease market, STT may go June 9, 2009

    Mumbai: The tax on transactions in the share market could be done away with in this budget. It's part of a series of capital market reforms the Finance Ministry is considering. If the Securities Transaction Tax (STT) is removed, India will be one of the cheapest markets in the...
  • FM proposes to add STT to annual information returns January 18, 2008

    The tax department may reciprocate the generosity of corporate and personal income tax payers in this Budget. But it is also proposing to add securities transaction tax, or STT, to the list of annual information returns so that tax payers are driven to greater honesty, reports CNBCTV18. This is the...