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Union Budget 2016: 14 New Changes On Tax, Excise, STT And DDT

Union Finance Minister Shri Arun Jaitley proposed several changes in rates. Here is a look at new charges on different things. 1. Additional tax at the rate of 10% of gross amount of dividend will be payable by the recipients receiving ...

Direct tax collection up 12.33% in April-December at Rs 4.81 lakh cr

New Delhi, Jan 6:Amid a slowing economy, gross direct tax collections rose 12.33 per cent to Rs 4.81 lakh crore during the first nine months of this financial year. Direct tax collections totalled Rs 4.29 lakh crore during the April-December ...

Different costs associated with stock exchange transactions

In a bid to simplify the procedure for opening the demat account, required to maintain securities in electronic form, Securities and Exchange Board of India (SEBI) recently replaced the earlier agreement document with a more simple term sheet and also ...

Tax implication on F&O trading

With a surge in Futures and Options trading by different investor class, other than the usual trading and investment facets you should also know about the tax implications arising out on account of the same. Salaried individuals if involved in ...

What is Securities Transaction Tax or STT?

Securities Transaction Tax (STT) is a tax applied on purchase and sale of equity, derivatives and mutual funds. Say for example: If you purchase shares of the XYZ company , the STT will be included along with the purchase price which ...