Your stock market transactions could fund Budget's income tax relief : Govt expects to get 40% more from STT

Securities transaction tax (STT) is levied on the value of taxable securities transactions traded on recognised stock exchanges. It is a direct tax levied on the investors, on every sale of securities. Stock exchanges, mutual funds, insurance companies, and lead merchant bankers are entrusted with collecting the tax on behalf of the government.

from Tax-Wealth-Economic Times https://ift.tt/kzNwiFA