MUMBAI: The Finance Ministry<\/a> has sought suggestions from leading tax experts and market participants on the implications of scrapping security transaction tax<\/a> (STT)—a levy on transactions done on stock exchanges.
\n
Tax consultants said the government wants to understand the impact of doing away with STT as it mulls stretching the period for applicability of longterm capital gains tax<\/a> from one year to three years.
\n
\nSTT is collected by the broker in addition to the brokerage soon after a trade is completed. A section of the market—shortterm traders and arbitrageurs-—have been asking for a removal of STT because it squeezed their margins. The government in the budget of 2013-14 cut STT on equities and mutual fund units. In the last few days, top tax experts have been sounded out by the Finance Ministry on the matter.
\n
\n $\"\"$ “There have been various representations to the government on various aspects of capital gains taxation, as well as slashing of STT,” said Ketan Dalal, managing partner, west, PwC India.
\n
\nSTT was introduced during P Chidambaram’s tenure as the finance minister in the Union Budget of 2004-05 to boost revenues from stock trades.
\n
\nThe government felt investors were avoiding paying taxes on gains made from stocks. Now, as the finance ministry debates on extending the tenure for applicability of longterm capital gains, market participants are speculating that STT could be scrapped as a counterbalance for the market. Many tax experts and brokers believe that the government is unlikely to rock the boat as the market goes through testing times.
\n
\n“Given the pressure to augment revenue collection, the demand for removal of STT would depend on estimate of STT revenue loss and higher capital gains tax collection if long term is redefined to be three years,” said Vipul Jhaveri, Managing Partner, Tax and Regulatory, Deloitte Haskins & Sells.
\n
\n“However, I would think that the government may also take in to consideration the situation of the capital markets, where falling markets can adversely impact the likelihood of any capital gains arising for taxation purposes”. In the financial year ended March 31, 2015, the government collected Rs 6,280 crore through security transaction tax. “In spite of revenue considerations, given the state of the capital market currently, it seems unlikely that any adverse changes will be made,” said Dalal.\n\n<\/p><\/body>","next_sibling":[{"msid":51150789,"title":"Idea Cellular MD Himanshu Kapania explains how India can be\na 1 GB society","entity_type":"ARTICLE","link":"\/news\/idea-cellular-md-himanshu-kapania-explains-how-india-can-be-a-1-gb-society\/51150789","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":51150838,"entity_type":"ARTICLE","title":"Budget 2016: Finance Ministry seeks experts' views on impact of security transaction tax removal","synopsis":"The govt wants to understand the impact of doing away with STT as it mulls stretching the period for applicability of long-term capital gains tax from one year to three years.","titleseo":"telecomnews\/budget-2016-finance-ministry-seeks-experts-views-on-impact-of-security-transaction-tax-removal","status":"ACTIVE","authors":[{"author_name":"Sachin Dave","author_link":"\/author\/479239123\/sachin-dave","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479239123.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":true,"msid":479239123,"author_name":"Sachin Dave","author_seo_name":"sachin-dave","designation":"Senior Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2016-02-26 11:28:07","lastupd":"2016-02-26 11:28:45","breadcrumbTags":["Finance Ministry","capital gains tax","Security Transaction Tax","STT removal"],"secinfo":{"seolocation":"telecomnews\/budget-2016-finance-ministry-seeks-experts-views-on-impact-of-security-transaction-tax-removal"}}" data-authors="[" sachin dave"]" data-category-name="" data-category_id="" data-date="2016-02-26" data-index="article_1">

Telecom乐动扑克News

2016年预算:财政部寻求专家的意见安全交易税去除的影响

政府想要理解它的影响做了STT考虑拉伸长期资本利得税的适用期限从一年到三年。

萨钦戴夫,
等局

更新于2016年2月26日上午十一28坚持

孟买:财政部寻求建议从领先的税务专家和市场参与者的影响取消吗安全交易税(STT)——在股票交易所交易征税。

税务顾问说,政府想要理解的影响做了STT因为它考虑拉伸期间长期的适用性资本利得税从一年到三年。

由代理收集STT除了经纪交易完成后不久。market-shortterm交易员和套利者的一个部分——已经被要求删除STT因为它挤压了他们的利润。2013 - 14的政府预算削减STT股票和共同基金单位。在过去的几天里,高级税务专家已经被财政部试探了。

“有各种表示政府对资本利得征税的各个方面,以及削减STT,“Ketan Dalal说,管理合伙人,西方,普华永道印度。

介绍了STT P Chidambaram担任财政部长期间在欧盟预算的2004 - 05年增加收入来自股票交易。

政府觉得投资者避免交税从股票的获利。现在,随着财政部辩论延长任期的长期资本利得的适用性,市场人士猜测,STT可以报废的平衡市场。许多税务专家和经纪人认为,政府不太可能捣乱市场经过考验。

“鉴于增加征税的压力,要求删除STT将取决于STT收入的估计损失和更高的资本利得税收集如果长期被重新定义了三年,“说Vipul雅,德勤管理合伙人,税收和监管,哈斯金斯和销售。

“然而,我认为,政府也在考虑资本市场的情况下,市场下跌可以产生不利影响的任何资本收益的可能性为税收目的”。在截至3月31日的财政年度,2015年,政府通过安全交易税收集6280卢比。“尽管收入考虑,鉴于资本市场目前的状态,似乎不太可能将任何不利变化,”说,中间人。

发布于2016年2月26日上午十一28坚持

MUMBAI: The Finance Ministry<\/a> has sought suggestions from leading tax experts and market participants on the implications of scrapping security transaction tax<\/a> (STT)—a levy on transactions done on stock exchanges.
\n
Tax consultants said the government wants to understand the impact of doing away with STT as it mulls stretching the period for applicability of longterm capital gains tax<\/a> from one year to three years.
\n
\nSTT is collected by the broker in addition to the brokerage soon after a trade is completed. A section of the market—shortterm traders and arbitrageurs-—have been asking for a removal of STT because it squeezed their margins. The government in the budget of 2013-14 cut STT on equities and mutual fund units. In the last few days, top tax experts have been sounded out by the Finance Ministry on the matter.
\n
\n $\"\"$ “There have been various representations to the government on various aspects of capital gains taxation, as well as slashing of STT,” said Ketan Dalal, managing partner, west, PwC India.
\n
\nSTT was introduced during P Chidambaram’s tenure as the finance minister in the Union Budget of 2004-05 to boost revenues from stock trades.
\n
\nThe government felt investors were avoiding paying taxes on gains made from stocks. Now, as the finance ministry debates on extending the tenure for applicability of longterm capital gains, market participants are speculating that STT could be scrapped as a counterbalance for the market. Many tax experts and brokers believe that the government is unlikely to rock the boat as the market goes through testing times.
\n
\n“Given the pressure to augment revenue collection, the demand for removal of STT would depend on estimate of STT revenue loss and higher capital gains tax collection if long term is redefined to be three years,” said Vipul Jhaveri, Managing Partner, Tax and Regulatory, Deloitte Haskins & Sells.
\n
\n“However, I would think that the government may also take in to consideration the situation of the capital markets, where falling markets can adversely impact the likelihood of any capital gains arising for taxation purposes”. In the financial year ended March 31, 2015, the government collected Rs 6,280 crore through security transaction tax. “In spite of revenue considerations, given the state of the capital market currently, it seems unlikely that any adverse changes will be made,” said Dalal.\n\n<\/p><\/body>","next_sibling":[{"msid":51150789,"title":"Idea Cellular MD Himanshu Kapania explains how India can be\na 1 GB society","entity_type":"ARTICLE","link":"\/news\/idea-cellular-md-himanshu-kapania-explains-how-india-can-be-a-1-gb-society\/51150789","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":51150838,"entity_type":"ARTICLE","title":"Budget 2016: Finance Ministry seeks experts' views on impact of security transaction tax removal","synopsis":"The govt wants to understand the impact of doing away with STT as it mulls stretching the period for applicability of long-term capital gains tax from one year to three years.","titleseo":"telecomnews\/budget-2016-finance-ministry-seeks-experts-views-on-impact-of-security-transaction-tax-removal","status":"ACTIVE","authors":[{"author_name":"Sachin Dave","author_link":"\/author\/479239123\/sachin-dave","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479239123.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":true,"msid":479239123,"author_name":"Sachin Dave","author_seo_name":"sachin-dave","designation":"Senior Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2016-02-26 11:28:07","lastupd":"2016-02-26 11:28:45","breadcrumbTags":["Finance Ministry","capital gains tax","Security Transaction Tax","STT removal"],"secinfo":{"seolocation":"telecomnews\/budget-2016-finance-ministry-seeks-experts-views-on-impact-of-security-transaction-tax-removal"}}" data-news_link="//www.iser-br.com/news/budget-2016-finance-ministry-seeks-experts-views-on-impact-of-security-transaction-tax-removal/51150838">