The central government is considering a package to provide tax relief to stock market investors. But there is little possibility of investors getting the benefit of this relief before the budget. That means right now investors will have to wait and watch. In this regard, the Finance Ministry is receiving suggestions from various parties and will take a decision in this regard. No, which is under consideration. The proposal is yet to be finalized. Will focus on uniformity in tax rules, reducing the tax gap between different asset classes And secondly, the existing disparity in the taxes collected on different types of investors in the stock market. To remove. This will have a positive impact on the sentiment of the stock market. The suggestions received by the Finance Ministry include setting different tax rates for promoters and retail investors. The proposal is included. Apart from this, it is also suggested to create a separate tax regime for foreign promoters and foreign investors. Has been done. Its objective is to balance the tax treatment of different categories of share investors. However, the government has not yet taken a final decision on these suggestions. Current status of Securities Transaction Tax (STT) collected on transactions in the stock exchange. It has also been suggested to change the rates. This includes the review of STT rates in the cash market, futures and options segments. STTA is a tax collected on buying and selling of securities in the stock exchange. The change in its rates had a direct impact on the transaction costs of investors and traders of the stock exchange. શકે છે. Suggestions to the government to increase the holding period for long term capital gains tax on equity investments Have also met. Currently, long term capital gains tax is applicable on sale of shares of a listed company after one year. Market participants have demanded the government to increase this period from 12 months to 3 years.
Investors will have to wait and watch for relief in LTCG Tax-STT (TOP STORIES) is featured on Aapnu Amdavad — the digital home of Ahmedabad, where Amdavadis discover news and everything happening across the city.