The Income Tax Department collected ₹25,000 crore in securities transaction tax (STT) till end of January, compared to ₹20,000 crore collected in the same time a year ago, Central Board of Direct Taxes (CBDT) chairman Nitin Gupta said in an interview.
The increase is in line with the 26% growth seen in personal income tax collection in the April to 10 January period this fiscal, but way above the 8% growth in corporate tax collection.
The growth in STT collection reflects the robust growth in capital market trade quantity and turnover.
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