Financial Daily from THE HINDU group of publications
Friday, Oct 01, 2004
Financial Daily from THE HINDU group of publications Friday, Oct 01, 2004 |
||
|
|
||
|
Markets
-
Taxation New STT regime comes into effect Our Bureau
NEW DELHI: The Central Board of Direct Taxes has notified October 1 as the date from which the chapter on Securities Transaction Tax (STT) in the Finance Act 2004 would come into force. This would imply that the new STT regime would come into force from this date in respect of all "taxable securities transactions." Any purchase or sale of an equity share in a company or a derivative or a unit of an equity-oriented unit, entered into in a recognised stock exchange; or sale of a unit of an equity-oriented fund to a mutual fund would be considered as "taxable securities transactions."
More Stories on : Taxation | Stock Markets
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|