Securities Transaction Tax

  • Brokers request Finance Minister to rejig STT February 19, 2013

    Mumbai: It's Budget month and just like last year, this year too, speculation is rife about the fate of the controversial Securities Transaction Tax (STT). At their end, capital market participants want the Finance Minister to have a relook at the rate of STT to begin with. Single page advertisements...
  • 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,...
  • 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, MCX-SX and USE. Besides,...
  • Stockbrokers disappointed with Union Budget July 6, 2009

    Mumbai: Stock Brokers on Monday expressed disappointment over absence of relief on Corporate tax and Security Transaction tax (STT) in the Union Budget, tabled by finance minister Pranab Mukherjee in Parliament. The Sensex crossed the 15k level minutes after the trading started on expectations of lowering of Security Transaction Tax and...
  • 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...