Union Budget 2018: LTCG May Continue; STT Can Be Withdrawn Away

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    As against the belief that the Union Budget 2018 which is the last full budget of the NDA govt just before the final assembly elections in 2019 is likely to be populist one, PM Modi cleared the air saying that it is unlikely to be so. And in order to favour a larger vote bank, the budget shall be devised to benefit the masses instead of being company-focussed.

    Union Budget 2018: LTCG May Continue; STT Can Be Withdrawn Away

    Long term capital gains tax exemption may continue in this budget too, there can be a call taken to withdraw securities transaction tax which is into force since long back and it is highly taxing given the provision that it needs to be paid whether an intraday trader makes profits or losses.

    As a result, with the STT in place breakeven for a trader is not reached in the intraday trading.

    The rates for STT that is levied on buying or selling of securities varies with respect to the type of securities dealing and 0.001% to 0.2%. The highest 0.2% is paid in case of sale of unlisted equity and business trust units in case of initial offer which is payable by the seller.


    Story first published: Saturday, January 27, 2018, 7:27 [IST]
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