The Union government's revenue from securities transaction tax (STT) is on track to exceed its Budget projection for the current fiscal year, with the mop-up already surpassing 50 per cent of the annual estimate.
TAX Provisional figures reveal that the Centre has collected approximately ₹14,000 crore in the first half of this fiscal year up to September, according to a government official. This amount exceeds half of the full-year target of ₹27,625 crore set for FY24.
The increase is largely attributed to the ongoing buoyancy in the stock markets, increased STT rates on futures and options sales, and the addition of unique investors. These factors have stimulated trading activity and bolstered STT collections.
この記事は Business Standard の October 03, 2023 版に掲載されています。
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この記事は Business Standard の October 03, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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