New Delhi, May 4 (IANS) India’s net direct tax collections recorded steady growth in the financial year 2025–26, rising 5.12 per cent year-on-year to Rs 23,40,406 crore, according to data released by the Central Board of Direct Taxes (CBDT) on Monday.Gross direct tax collections for the fiscal stood at Rs 28,11,936 crore, registering a 4.03 per cent increase compared to Rs 27,03,107 crore in FY25.The rise was supported by higher inflows from both corporate and non-corporate tax segments, ref…
Latest Securities Transaction Tax News & Updates
Mumbai, May 1 (IANS) India’s stock market activity in April presented a contrasting picture, as strong gains in equities boosted cash market trading, while higher taxes and regulatory tightening weighed on derivatives volumes.Cash market turnover rose 7 per cent during the month, supported by a sharp rebound in equities after the steep correction seen in March.Benchmark indices staged their strongest monthly recovery in over a year, with the Sensex climbing 6.9 per cent and the Nifty advancing…
Mumbai, April 24 (IANS) The Securities and Exchange Board of India (SEBI)on Friday permitted Foreign Portfolio Investors (FPIs) to net funds for same-day cash market transactions, a move aimed at improving operational efficiency and lowering funding costs, particularly during index rebalancing periods.Under the new framework, FPIs will be allowed to use proceeds from sale transactions in the cash market on a given day to fund their purchase transactions on the same day, thereby requiring them to…
New Delhi, April 1 (IANS) The Central Board of Direct Taxes (CBDT) has amended income tax rules to provide clarity on the applicability of General Anti-Avoidance Rules (GAAR), in a move aimed at reducing ambiguity around tax avoidance provisions.In its notification, the CBDT said that GAAR will not apply to income arising from the transfer of investments made before April 1, 2017. The amendment will come into effect from April 1, 2026.The clarification is expected to provide certainty to investo…
New Delhi, March 31 (IANS) With the FY26 fiscal set to end on Tuesday, investors are gearing up for several reforms, including revised Securities Transaction Tax (STT) rules that will come into effect from April 1.Many brokers, traders and demat account holders are concerned about the sharp increase in STT on futures and options (F&O) trades, following revisions announced by Finance Minister Nirmala Sitharaman in the Union Budget FY26-27. She had also proposed a significant increase in charg…
Mumbai, March 25 (IANS) The proposed hike in Securities Transaction Tax (STT) on derivatives, effective from April 1, is likely to have a limited short-term impact on trading activity, with long-term market behaviour expected to remain largely unchanged, experts said.They noted that the increase in STT will raise trading costs, particularly for retail participants and high-frequency traders, potentially leading to a temporary decline in futures and options (F&O) volumes.“Higher transaction…
New Delhi, March 18 (IANS) Net direct tax collections went up 7.19 per cent (on-year) to Rs 22.80 lakh crore (up to March 17), according to the latest provisional data released by the Income Tax Department on Wednesday.It includes net corporate tax of Rs 10.91 lakh crore, non-corporate tax of Rs 11.32 lakh crore and securities transaction tax (STT) of Rs 55,717 crore, the data showed.STT collections increased to nearly Rs 55,717 crore from Rs 53,095 crore a year ago, while other taxes dropped to…
Mumbai, March 10 (IANS) The National Stock Exchange (NSE) on Tuesday directed its trading members — brokers and sub-brokers — to furnish details of excess Securities Transaction Tax (STT) collected but not remitted to the government for FY 2023–24 and preceding years, following instructions from the Income Tax Department.In a circular issued by the exchange’s finance and accounts department, NSE said the Joint Commissioner of Income Tax, Range 7(1), had advised the exchange to draw attenti…
New Delhi, Feb 5 (IANS) The Central Board of Direct Taxes (CBDT) Chairman, Ravi Agrawal, has said that new income tax forms, implementing rules and a detailed set of frequently asked questions (FAQs) will be published soon this month to prepare taxpayers transition to the new Income Tax Act, 2025, which takes effect on April 1.Agrawal said that explanatory presentations will be done along with FAQs to help manage an expected surge in queries during the initial implementation quarter from April t…
Mumbai, Feb 4 (IANS) Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Wednesday said the India–US trade deal would help remove uncertainties in trade, bring more stability to the economy, and encourage higher investments into the country.Speaking on the sidelines of the launch of an outreach programme on corporate bonds, Pandey said that when trade frictions and regulatory overhangs are cleared, capital formation improves and investment decisions pick up pace.He add…