Taxation of transactions in India began with the equity market in2004. Prior to 2008, the securities transaction tax (STT) was allowedas a rebate against tax liability against Section 88E of the IncomeTax Act. This treatment was withdrawn by the 2008 Budgetannouncement. After that, STT became a substantial influence on theequity market. In understanding the consequences of the STT, there isan absolute perspective and there is a relative perspective.In absolute terms, suppose you embark on a spot-futures arbitrageand do an early unwind. In this,...
Thursday, 28 February 2013
The changes in taxation of transactions in futures on equity and commodity underlyings
Posted on 08:08 by Unknown
Thursday, 21 February 2013
Interesting readings
Posted on 23:11 by Unknown
The liberal DNA by Pratap Bhanu Mehta in the Indian Express.Kanika Datta in the Business Standard on how Narendra Modi is becoming more accepted.Ashoka Mody and Michael Walton interpret India's new willingness to accept high and unstable inflation.In continuation of my posts Activism and wonkery are the yin and yang and Law and order: How to go from outrage to action, see The power of populists and naysayers by N. C. Saxena in the Indian Express.Spreadsheets considered harmful.Bank for the buck by Ila Patnaik in...
Sunday, 17 February 2013
How to improve freedom of speech in India
Posted on 07:32 by Unknown
Most of us in India understand that there is a huge problem withfreedom of speech in India. India now a href="http://www.firstpost.com/india/press-freedom-index-india-drops-to-140th-rank-lowest-since-2002-607726.html">ranksat the bottom of the world on freedom of speech. Here is someinteresting a href="http://ajayshahblog.blogspot.in/2011/04/slavery-is-freedom.html">discussionon such facts./a/aFor a sense of the zeitgeist, see a href="http://economictimes.indiatimes.com/opinion/editorial/state-should-use-its-might-to-protect-free-speech/articleshow/18230600.cms">an...
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