India's Apr-Nov net direct tax collection rises 15.4% to ₹12.1 lakh cr
The securities transaction tax rose 90% to ₹35,923 crore as of November 10, 2024, up from ₹18,909 crore during the same period last year.
The securities transaction tax rose 90% to ₹35,923 crore as of November 10, 2024, up from ₹18,909 crore during the same period last year.
Direct tax worth ₹13,70,388 cr includes corporate tax at ₹6,94,798 cr and ₹6,72,962 cr personal income tax.
This cut in transaction charges, partially offset by the NSE IPFT, will lead to an effective reduction of around 4%.
The Finance Bill proposes changes in taxation of debt mutual funds.
India has the highest notional derivatives turnover to cash turnover ratio.