« Top Headlines » Open DEMAT Account in 24 hrs  Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.  Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief  ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know  Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose  CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27  CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money «  FM`s advisor Shome quits just ahead of Budget... ITAT spares Galileo from paying tax... » Govt expects STT collections to cross Rs 7,500 cr December, 28th 2007 Government expects to reap rich dividends from the high volatility in the stock market with total security transaction tax (STT) likely to touch Rs 7,500 crore in the current fiscal. "Thanks to the action in the stock market, STT collections rose nearly 75 per cent to Rs 5,895 crore till December 15 this year, and are expected to touch Rs 7,500 crore in 2007-08," a senior Finance Ministry official said. Finance Minister P Chidambaram had introduced STT in the Union Budget 2004-05. All investors in the stock market pay a fixed STT of 0.125 per cent for every transaction in cash for delivery of shares. However, transactions in derivatives trading attract 0.017 per cent tax. While increase in corporate tax and personal income tax mop-up has been attributed to steady economic growth and rise in salaries of the middle class, STT collections have largely gone up due to increase in daily trading at the present high level, the official said. During April-October period, STT collections registered a growth of 57.61 per cent and stood at Rs 3,783 crore. The ministry is expecting that with high volatility continuing in the stock markets, the trading volumes may go up further in the last quarter, adding more to the exchequer. The average daily trading at the BSE and NSE has gone up to about Rs 20,000 crore, including about Rs 14,000 crore at NSE. The 30-share Sensex of BSE touched 19,854 points on December 24, rising from 5,694 points on April 1 this year.