Friday, March 1, 2013

STT on Mutual Funds reduced in budget 2013-14

Securities transaction tax is reduced. STT on mutual fund and exchange traded fund redemption is reduced to 0.001% from 0.25% earlier. STT on MF/ETF purchase and sale on exchanges is reduced from 0.1% to 0.001%, only on the seller.

STT on futures has come down to 0.017% to 0.01 %
CTT has been introduced on non agro based commodities at the same rate applicable to equity futures of 0.01% to make it par with STT

But there was some good news for travellers. If you are going abroad, you are allowed Duty-free shopping upto Rs 50,000 for a male passenger and Rs 1 lakh for a female passenger.

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