Search results
Results from the WOW.Com Content Network
Securities Transaction Tax (STT) is a tax payable in India on the value of securities (excluding commodities and currency) transacted through a recognized stock exchange. As of 2016, it is 0.1% for delivery based equity trading. [1] STT does not apply to off-market transactions or on commodity or currency transactions. [2]
The current transaction tax is levied per transaction at a rate of not less than 0.01% and not more than 0.06%, based on the value of the futures contract. Revenue from the securities transaction tax and the futures transaction tax was about €2.4 billion in 2009. The major part of this revenue came from the taxation of bonds and stocks (96.5%).
As from 1 April 2012, the "right or entitlement to receive any distribution from a company or close corporation" is no longer deemed to be a security and is covered by dividends tax. Securities Transfer Tax (STT) was implemented from 1 July 2008 under the Securities Transfer Tax Act (2007) and Securities Transfer Tax Administration Act (2007).
While the market driven by short-term sentiment influenced by the accommodative interest rate environment in the US, virus news and stimulus talks, many smart money investors are starting to get ...
The applicable tax rate for capital gains in China depends upon the nature of the taxpayer (i.e. whether the taxpayer is a person or company) and whether the taxpayer is resident or non-resident for tax purposes. It should however be noted that, unlike common law tax systems, Chinese income tax legislation does not provide a distinction between ...
For premium support please call: 800-290-4726 more ways to reach us
In May 2016, STT announced its strategic partnership with Tata Communications to expand data centre business in India and Singapore. The partnership involved a 74% majority stake acquisition of Tata Communications’ data centre business in India and Singapore by STT’s wholly owned subsidiary, ST Telemedia Global Data Centres (STT GDC).
The company is vying with Tesla for the world’s top selling EV maker. Fourth-quarter production of 459,445 vehicles was below total deliveries for the quarter, and full year production of 1.77 ...