Briefly, the STT has been hiked by as much as 25 per cent on futures and choices (F&O) buying and selling as per the amendments to the
By effecting a hike in STT on F&O buying and selling, the federal government goals to tax such transactions extra as turnover is greater in them.
As per the amendments, possibility merchants should pay Rs 6,250 for each Rs 1 crore price of turnover as towards Rs 5,000 that’s being paid at the moment, which interprets right into a hike of round 25 per cent. Additionally, merchants will now should pay STT of Rs 1,250 on Rs 1 crore of turnover whereas promoting futures.
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