BSE asks govt to reduce securities transaction tax

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In order to attract investors in the stock market, leading bourse BSE has asked for reduction in securities transaction tax and rationalization in taxation norms for different financial products, reported PTI.

"For us if you cannot reduce the STT overall, then you have to restructure STT to basically reduce it for delivery transactions," BSE's Managing Director and Chief Executive Officer Ashishkumar Chauhan said.

Moreover, the National Stock Exchange has also put cross similar demands with regard to STT. Meanwhile, many listed entities have made representations to the exchange with respect to the new companies law, including provisions related to independent directors.

Read more about: bse, stt
Story first published: Thursday, June 12, 2014, 12:30 [IST]
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