Will the Finance Ministry Scrap Levy on Stock Market Transactions?

The finance ministry may be considering doing away with the Security Transaction Tax (STT) and has sought views from tax and market experts to that effect, reports The Economic Times. The STT is a levy on transactions done on stock markets.

The government is looking to increase the period of applicability of long-term capital gains tax from one year currently to three years. Tax consultants believe that reconsidering the STT is an offshoot of that move.

The finance ministry may be considering doing away with the Security Transaction Tax (STT) and has sought views from tax and market experts to that effect, reports The Economic Times. The STT is a levy on transactions done on stock markets.

The government is looking to increase the period of applicability of long-term capital gains tax from one year currently to three years. Tax consultants believe that reconsidering the STT is an offshoot of that move.

Click here to read more.