
Vivek Kaul: Will the government run out of luck with its securities transaction tax mop-up?
First introduced in 2004, STT is levied on transactions involving listed securities on stock exchanges and on units of equity mutual funds (MFs) being redeemed. Itās a part of the income tax earned by the Union government. In 2018-19, it formed around 2.4% of the income tax collected. In 2024-25 and 2025-26, itās expected to…