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Image for representational purposes only. | Photo Credit: PTI Benchmark BSE Sensex declined for the fourth day in a row on July 24 due to selling in financial and banking shares and the government’s move to hike securities transaction tax and short term capital gains tax. The 30-share BSE Sensex declined 280.16 points or 0.35%…
Read More “Stock markets fall for 4th day on selling in banking shares, STT hike” »
Union Finance Minister Nirmala Sitharaman. | Photo Credit: PTI Finance Minister Nirmala Sitharaman on July 23 proposed to increase the rate of securities transaction tax (STT) on futures and options (F&O) trade to discourage retail investors’ participation in the risky instrument. “It is proposed to increase the rates of STT on the sale of an…
Read More “FM proposes hike in STT on F&Os to discourage retail participation” »
Photo illustration purpose only. | Photo Credit: The Hindu India’s net direct tax collections grew 17.7% in 2023-24 to hit ₹19.58 lakh crore, marginally surpassing the revised estimates for the year, thanks to a surge in personal income taxes whose share of the tax kitty rose to 53.3% from 50.06% in the previous year while…
Read More “Net direct tax collections exceed 2023-24 target” »
