Securities Transaction Tax

Sensex, Nifty crash: Indian equity market is bound to recover some of its sheen sooner than later

The steady fall in Sensex and Nifty following the Budget is not only due to the proposed 10 percent tax on LTCG but also in sympathy with the worldwide trends notably the one triggered by the US markets.

Hasmukh Adhia alleys investors' fears, says LTCG tax not causing sell-off at markets; blames global slump

Hasmukh Adhia, who is also Revenue Secretary, said income of government from Securities Transaction Tax (STT) is a paltry Rs 9,000 cr

Budget 2018: Why mutual fund investments continue to remain attractive saving option despite return of LTCG tax

Report says despite re-introduction of LTCG tax, investments made in equity related mutual funds still remained profitable.

Budget 2018: LTCG imposed to check tax base erosion, boost manufacturing, says govt

In Frequently Asked Questions (FAQs), govt said the Budget for 2018-19 provides for taxing Rs 1 lakh and above of Long-Term Capital Gains arising from sale of shares held for over one year at a concessional rate of 10 percent

Budget 2018: LTCG from equities can't run for cover not even take shelter under NHAI bonds

Arun Jaitley feels need for humoring stock market by taxing STCG and LTCG there from at concessional rates of 15 percent and 10 percent respectively.

Direct tax collection grows 17.5% to Rs 2.24 lakh crore in Apr-Aug boosted by personal tax mop-up

The government estimates to collect Rs 9.80 lakh crore from direct taxes in the current fiscal.

Net direct tax collection rises 14.8% to Rs 1.42 lakh cr in Q1, 5.2% drop in refunds

The net direct tax collection represents 14.5 percent of the total Budget Estimates of direct taxes (Rs 9.8 lakh crore) for 2017-18,

LTCG tax ambiguity over pref share allotment; why the new I-T Act needs to be simplified

The further inference therefore is if shares are actively traded shares borne of preferential allotment they would enjoy immunity from LTCG tax even though STT was not paid

Brace for higher short-term capital gains tax, dividend income

Currently, the short-term capital gains tax is fixed at 15 percent, but report suggests that the rate could be increased to 20 percent during this year's budget announcement

Budget 2016: Will Arun Jaitley address tax hurdles in the M&A domain?

Though the steps taken by the government have helped improve investor perception towards India as well as the ease of doing business in the country to some extent, there exist certain bottlenecks which need urgent attention