‘Keep STT on equity cash market lower than F&O’
Market participants have appealed to Finance Minister Nirmala Sitharaman to maintain lower Securities Transaction Tax (STT) on cash equity trades compared to derivatives in the upcoming Budget. They also proposed taxing only profits on share buybacks, not the full amount. Additionally, calls were made for domestic investors’ short-term dividend tax rates to align with those for NRIs.🕒 1 min read
Market participants have appealed to Finance Minister Nirmala Sitharaman to maintain lower Securities Transaction Tax (STT) on cash equity trades compared to derivatives in the upcoming Budget. They also proposed taxing only profits on share buybacks, not the full amount. Additionally, calls were made for domestic investors’ short-term dividend tax rates to align with those for NRIs.
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