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Central Board of Direct Taxes (CBDT) | Government exempts units of investment trusts and ETFs issued by entities based in GIFT City

ETFs, scheme units to get tax exemption at IFSC - The Hindu BusinessLine

ETFs, scheme units to get tax exemption at IFSC - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

STT hike news India: What is Securities Transaction tax on futures, options contracts and why is it news?

Investment in physical form of gold is more tax-efficient now

From April, investments in mutual funds with up to 35% equity exposure to domestic companies are liable to be taxed as per the investors’ income tax slab rate.

Securities transaction tax on F&O contracts to be hiked

The government on Friday proposed hiking the securities transaction tax on Futures & Options (F&O) contracts, a move that will increase the trading costs in the derivatives segment as well as help in curbing excessive trades. In the Finance Bill 2023, passed by the Lok Sabha on Friday, the Securities Transaction Tax (STT) on options is proposed to be increased to 0.0625 per cent from 0.05 per cent and on futures contracts to 0.0125 from 0.01 per cent. Analysts opined that higher STT will shore up the government s revenues to some extent and also discourage excessive trading since a large number of retail traders are losing money in the segment.

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