Tax changes from October 1: In her first Budget presentation under the Modi 3.0 government, Finance Minister Nirmala Sitharaman introduced significant alterations to the taxation system, particularly affecting investors and shareholders. Among the key changes announced was the hike of the securities transaction tax (STT) on Futures & Options (F&O) of securities to 0.02% and … Read more
Finance Minister Nirmala Sitharaman on Thursday said the Centre has decided to Securities Transaction Tax (STT) as it helps the government trace big-ticket spending. Speaking in the Raja Sabha on whether STT should be removed as capital gains tax has been restructured, FM Sitharaman said: “A member of the House spoke of STT rates and … Read more
When Finance Minister Nirmala Sitharaman presents the Union budget later this month, investors, taxpayers, corporates, and mutual fund houses will be hopeful for some significant tweaks in the structure of the capital gains tax, which is currently not standard. The Capital gains tax burden experienced by investors can differ depending on the type of asset … Read more
The amendments to the taxation of debt mutual funds didn’t bode well for investors across categories, as the arbitrage benefits one could avail on such investments are no longer in place. According to the amendment to the Finance Bill, income from investments in debt mutual funds where not more than 35% is invested in equity … Read more
NEW DELHI: Finance Minister Nirmala Sitharaman‘s latest move to increase securities transaction tax (STT) on selling options has left traders confused. The latest amendment to Finance Bill 2023 passed by the Lok Sabha today shows that the STT on selling of options has gone up from 0.017% to 0.021%. However, NSE website shows that with … Read more
The President of India gave his assent to the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020, which will extend compliance-related timelines for taxpayers while offering significant relief to foreign investors. The ministry of law and justice issued a notification to the effect. The bill, which now becomes an Act, was … Read more