Net direct tax growth for 2022-23 to slow to 15%

Net direct tax growth for 2022-23 to slow to 15%

Net personal income tax collections were growing at a faster 20.7% pace compared to corporate income tax flows, that were up 13.62% over the first eleven months and ten days of this fiscal year. File  | Photo Credit: The Hindu India’s net direct tax collections growth, that stood at about 17% for this year by early […]

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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 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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