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Q.

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 ?

Tags: transaction, manmohan singh, minister
Asked by radhakrishnan, 09 Nov '11 05:19 am
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Answers (4)

1.

Only if they do not bring back the long term gains tax on shares etc.
Answered by iqbal seth, 09 Nov '11 05:29 am

 
  
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2.

Not really
Answered by dhanendra kumar jain, 09 Nov '11 10:01 am

 
  
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3.

Let's see whether they allow these tax-free...!
Answered by Dil Se, 09 Nov '11 08:47 am

 
  
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4.

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
Answered by Marcus Tres, 09 Nov '11 06:07 am

 
  
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