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.
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
If a company forgets to charge sales tax on a transaction, they may be required to pay the uncollected tax out of their own funds. This can result in financial penalties and potential legal consequences for the company.
No, you do not pay Social Security tax on your retirement benefits.
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.
No, you do not pay Social Security tax on your retirement benefits once you start receiving them.
The tax levied on trading transaction
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.
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
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.
modal price is the price on which maximum transaction od a commodity takes place.
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.
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%
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.
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.
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.
because tax is paid to tax authorities and that transaction also need to show.
Income tax