Revision in rates of Securities Transaction Tax

 

This is to inform you that subsequent to the presidential assent to the Finance Act 2013 received on May 10, 2013, the rates of levy of Securities Transaction Tax (STT) are revised with effect from June 1, 2013 as below

 

Sr. No. Taxable securities transaction Effective rate till31.05.2013 New rate from01.06.2013 Payable by
A B C D E
1. Purchase of an equity share in a company, where -
(a) the transaction of such purchase is entered into in a recognised stock exchange; and
(b) the contract for the purchase of such share is settled by the actual delivery or transfer of such share
0.1 per cent 0.1 per cent
(No Change)
Purchaser
  Purchase of a unit of an equity oriented fund, where -
(a) the transaction of such purchase is entered into in a recognised stock exchange; and
(b) the contract for the purchase of such unit is settled by the actual delivery or transfer of such unit
0.1 per cent NIL -
2. Sale of an equity share in a company, where –
(a) the transaction of such sale is entered into in recognised stock exchange; and
(b) the contract for the sale of such share is settled by the actual delivery or transfer of such share
0.1 per cent 0.1 per cent
(No Change)
Seller
2 A. Sale of a unit of an equity oriented fund, where –
(a) the transaction of such sale is entered into in a recognised stock exchange; and
(b) the contract for the sale of such unit is settled by the actual delivery or transfer of such unit
0.1 per cent 0.001 per cent Seller
3. Sale of an equity share in a company or a unit of an equity oriented fund, where –
(a) the transaction of such sale is entered into in a recognised stock exchange; and
(b) the contract for the sale of such share or unit is settled otherwise than by the actual delivery or transfer of such share or unit
0.025 per cent 0.025 per cent
(No Change)
Seller
4. (a) Sale of an option in securities 

(b) Sale of an option in securities, where option is exercised

(c ) Sale of a futures in securities
0.017 per cent

0.125 per cent

0.017 per cent
0.017 per cent
(No Change)
0.125 per cent
(No Change)
0.01 per cent
Seller

Purchaser

Seller

Accumulate Spice Jet in Dips

Recent quarterly results of Spice Jet may be less than impressive.

"The company reported a net loss of Rs 186 crore for the quarter ended March 2013, against a loss of Rs 249 crore in the corresponding quarter, a year ago. Analysts were expecting the airline to break even and report a net profit for the quarter. "

The sector as the whole faces enormous challenges. Fuel price, rupee depreciation and regulatory issues ....so many problems. Still we recommend to accumulate Spice Jet in dips. This is due to our confidence on the management and promotors ability to manage the company well.

We advice the investors to buy the company in dips. In long run Spice Jet may be a multi bagger.

 

Free ebooks and text books download

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CAG Vinod Rai retires

cag

Comptroller and Auditor General Vinod Rai, who retired on Wednesday, will be remembered for turning his office  into a watchdog of good governance and administrative integrity at a time when India is experiencing the need for greater transparency .

cag1

Though we dispute the loss figures in his reports, we can’t question his integrity and boldness. We wish him a happy and peaceful retired life.

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