STT collection estimates: Building castles in the air on shifting sands

Quick Summary:

The latest Union Budget has revised the STT estimate for the ongoing financial year (2024-25/FY25) upwards, from Rs 37,000 crore to Rs 55,000 crore.

The government is projecting robust securities transaction tax (STT) collections of Rs 78,000 crore for 2025-26 (FY26).

Since STT rates have not been revised upwards, this increased collection likely assumes a rise in trading volumes.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Taxes Tax Union Budget Budget 2025

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-02 @ 22:39:40 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 660 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25732255

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Official Website: business-standard.com

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