India's Union Budget 2024-2025 increases Security Transactions Tax (STT) rates on futures and options trading.

Finance Minister Nirmala Sitharaman announced an increase in Security Transactions Tax (STT) on futures and options trading in India's Union Budget 2024-2025. The STT rate on futures transactions is raised from 0.0125% to 0.02%, while the rate for options transactions is increased from 0.0625% to 0.1%. This move aims to foster a more stable and mature investment environment and deepen the tax base.

July 23, 2024
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