Government hikes securities transaction tax on futures, options contracts

Government hikes securities transaction tax on futures, options contracts

Union Finance Minister Nirmala Sitharaman speaks in the Lok Sabha during the Budget Session of Parliament, in New Delhi, on March 24, 2023. | Photo Credit: PTI The Government is raising the Securities Transaction Tax (STT) on futures and options contracts in the stock market from April 1, 2023, a move that experts fear may […]

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Government hikes securities transaction tax on futures, options contracts

Government hikes securities transaction tax on futures, options contracts

Union Finance Minister Nirmala Sitharaman speaks in Lok Sabha on March 24, 2023. Photo: Sansad TV via ANI The Government has raised the Securities Transaction Tax (STT) on futures and options contracts in the stock market by 25% from April 1, 2023, a move that may push some traders to offshore markets and dent trading […]

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About ₹400 crore tax deposited by filing updated ITRs so far 

About ₹400 crore tax deposited by filing updated ITRs so far 

Representational image only. | Photo Credit: Getty Images/iStockphoto The recently introduced provision for allowing taxpayers to update their tax returns has seen as many as five lakh re-filings with about ₹400 crore additional tax coming in, a senior government official said on November 24. The Finance Act of 2022 introduced a new concept of updated […]

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