Budget 2016: Finance Ministry seeks experts’ views on impact of security transaction tax removal

Source:Economic Times

MUMBAI: The Finance Ministry has sought suggestions from leading tax experts and market participants on the implications of scrapping security transaction tax (STT)—a levy on transactions done on stock exchanges. 

Tax consultants said the government wants to understand the impact of doing away with STT as it mulls stretching the period for applicability of longterm capital gains tax from one year to three years. 

STT is collected by the broker in addition to the brokerage soon .. 

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