STT was brought in 2004 to remove LTCG tax: Now the government is collecting both; Tax on F&O trading increased by 150% in the budget

STT was brought in 2004 to remove LTCG tax: Now the government is collecting both; Tax on F&O trading increased by 150% in the budget

Date 1 October 2004. The then Finance Minister P. Chidambaram removed the Long Term Capital Gains (LTCG) tax on stock market profits. In lieu of this he introduced Securities Transaction Tax (STT). The logic was simple – leave tax on profits, tax every transaction. Everything went well for 14 years, but in the 2018 budget,…

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Sitharaman will change 75 years of budget tradition: Vision of economy possible in Part B of budget speech, currently tax and policy announcements remain in this part.

Sitharaman will change 75 years of budget tradition: Vision of economy possible in Part B of budget speech, currently tax and policy announcements remain in this part.

Hindi News National Budget Part B: Economy Future Vision Possible | Tax & Policy Announcements Pending New Delhi3 hours ago copy link Nirmala Sitharaman (file photo) Finance Minister Nirmala Sitharaman may break the 75-year-old tradition in the budget to be presented in Parliament on February 1. This time, Finance Minister Nirmala Sitharaman can present a…

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Gold rose by ₹10,705 to ₹1.75 lakh in a day: Country’s ‘Economic Report Card’ presented in Parliament; 56 crore people have employment claims

Gold rose by ₹10,705 to ₹1.75 lakh in a day: Country’s ‘Economic Report Card’ presented in Parliament; 56 crore people have employment claims

Hindi News Business India Economic Survey 2024: Employment Growth Claimed | Nirmala Sitharaman New Delhi55 minutes ago copy link Yesterday’s big news was related to the Economic Survey. Finance Minister Nirmala Sitharaman presented the country’s ‘Economic Report Card’ i.e. Economic Survey in the Lok Sabha on January 29. It has been said in this survey…

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Expectation of rise in stock market this week: Budget, Fed meeting and auto sales figures will come on February 1; These factors will decide the movement of the market

Expectation of rise in stock market this week: Budget, Fed meeting and auto sales figures will come on February 1; These factors will decide the movement of the market

This week is going to be the most important week of the year for the stock market. Finance Minister Nirmala Sitharaman will present the budget on February 1, on which the entire country is keeping an eye. Apart from the budget, this week the US Federal Reserve (FOMC) meeting on interest rates, third quarter (Q3)…

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Value of 9 out of top-10 companies decreased by ₹2.51 lakh crore: Reliance Industries suffered the biggest loss; Hindustan Unilever’s valuation increased by ₹12,311 crore

Value of 9 out of top-10 companies decreased by ₹2.51 lakh crore: Reliance Industries suffered the biggest loss; Hindustan Unilever’s valuation increased by ₹12,311 crore

Hindi News Business Reliance Industries Sees Biggest Valuation Fall; Top Firms Lose ₹2.51 Lakh Crore Mumbai1 hour ago copy link Due to the fall in the market last week, the market valuation of 9 of the top 10 most valuable companies decreased by Rs 2.51 lakh crore. Of these, Reliance Industries suffered the most loss….

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