Abolish STT to Reduce Tax Burden on Stock Market Investors, PHD Chamber Urges FM Sitharaman

PHD Chamber Urges FM Sitharaman to Abolish STT Ahead of Union Budget 2025

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Why the Proposal?

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Headline: STT Collection in 2023-24

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Other Key Recommendations from PHDCCI

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FM Sitharaman's Pre-Budget Consultations

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The Road Ahead

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Stay Updated on the Union Budget 2025

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Abolish STT to Reduce Tax Burden on Stock Market Investors, PHD Chamber Urges FM Sitharaman

PHD Chamber Urges FM Sitharaman to Abolish STT Ahead of Union Budget 2025

The PHD Chamber of Commerce & Industry (PHDCCI) urges the Finance Minister to abolish the Securities Transaction Tax (STT) in the upcoming Union Budget 2025-26.

Why the Proposal?

The PHD Chamber of Commerce & Industry (PHDCCI) urges the Finance Minister to abolish the Securities Transaction Tax (STT) in the upcoming Union Budget 2025-26.

Headline: STT Collection in 2023-24

Rs 40,114 crore was collected from STT during the current fiscal year. PHDCCI believes this burden on investors should be lifted

Other Key Recommendations from PHDCCI

Reducing tax rates for individuals and LLPs to 25%

Raising capital expenditure to Rs 13 lakh crore

Expanding the PLI scheme to more sectors

FM Sitharaman's Pre-Budget Consultations

The suggestions were discussed during a pre-Budget consultation with Finance Minister Nirmala Sitharaman, along with key economic officials.

The Road Ahead

These proposals are aimed at stimulating investment, boosting economic growth, and providing relief to investors ahead of Budget 2025-26.

Stay Updated on the Union Budget 2025

Keep following for more updates and in-depth analysis of the Union Budget 2025-26 as it unfolds.