The Securities Transaction Tax (STT), much disliked by Indias investing community, is on its way out. This is not a rumour and nor is it a leak. Its based on a statement by no less an authority than the Prime Minister Manmohan Singh, at no less an occasion than the just-concluded G-20 "
Is it a welcome news for Share markets ?
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STT can majorly be for small investors as they are gaining and not paying a tax fruitful for govt's revenue..and, moreso, if they loose big money they can settle and find escaping ways...STT will again postur e small investors (may be medium ones as well) to bring revenue to govt