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There is a tax similar to STT and it is called Commodity Transaction Tax. The CTT is applicable @ the same rate of 0.017% (like STT) chargable on the value of trade.
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What are the four taxes that our governments collect?
Sales tax Income tax Property tax Inflation tax Inheritance tax Poll tax Social Security tax Tariff tax Wealth Tax Financial transaction tax Expatriation tax Currency transfer tax Environmental tax Capital gains tax Bank tax
What is Transaction security?
A secure transaction is one in which the data that is being transmitted is safe and is not know to people other than the intended recipients.
Is there a Washington state real estate excise tax on a simple refinance transaction?
Yes there is. It is a Sales Tax by definition even though you are not selling.
What do djia futures look at in regards to investing?
"Futures are a way in which you can trade a security or commodity without having to actually own it. In this case, DJIA futures allow you to place money on the overall movement of the DJIA and is derived from the overall entity rather than a specific stock, security or commodity."
How do you get the security code of Philippines pag-ibig transaction card?
Go to the nearest branch in your place to get the security code, to access the account in pag-ibig
What is the meaning of Security Transaction Tax?
The tax levied on trading transaction
What is commodity transaction tax?
This tax is 0.01 percent and it is assessed when trading non-agriculture commodity derivatives. It has the potential to affect the trading of metals, including gold and silver.
What are the four taxes that our governments collect?
Sales tax Income tax Property tax Inflation tax Inheritance tax Poll tax Social Security tax Tariff tax Wealth Tax Financial transaction tax Expatriation tax Currency transfer tax Environmental tax Capital gains tax Bank tax
What is commodity tax?
This tax is 0.01 percent and it is assessed when trading non-agriculture commodity derivatives. It has the potential to affect the trading of metals, including gold and silver.
How can you calculate price?
modal price is the price on which maximum transaction od a commodity takes place.
What are a couple good examples of commodity tips?
Some of the best commodity tips are as follows: avoid problem products, coordinate your commodity investments to lower your tax bill, and choose diversified commodity baskets.
While selling or buying shares in India at what rate brokerage Service Transaction Tax Service Tax Transaction charges are charged and on what?
The Total brokerage on the share transaction in BSE is 0.55%which is inclusive of all the taxes, namelySTT (Securities transaction tax) is 0.125% [0.025% if Intraday transaction] ,when you Buy or Sell a shareService tax - 0.055%Education cess - 3% of Service taxstamp duty - 0.01%there will also be turnover tax which is very marginal.And the remaining % is the brokerage which comes to 0.35% and total taxes 0.20%.: TOTAL Transaction charge = 0.55%
What is the purpose of the international tax law?
The International Tax Law's mission is, to prevent a transaction with the intention to obtain tax advantages. This is the essential and predominant element of the transaction, taking into account the purposes of the parties and all the facts and circumstances and the specific structure and design of the transaction used by the taxpayer.
Why journal entry necessary for tax?
because tax is paid to tax authorities and that transaction also need to show.
What is tax trap?
A tax trap is a tax law provision that can result from a taxpayer's loss of an otherwise available tax benefit from a transaction.
What is a tax trap?
A tax trap is a tax law provision that can result from a taxpayer's loss of an otherwise available tax benefit from a transaction.
How do commodity and security clearinghouses facilitate the execution of trades?
Member firms regularly submit statements to clearinghouses that indicate a net balance in each security or commodity on the exchange, along with the net amount to be paid or received,
