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Why the challenge against Securities Transactions Tax in the Supreme Court?

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Manage episode 513367221 series 2606066
Content provided by The Hindu. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Hindu or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

The Supreme Court is set to take up a plea challenging the constitutional validity of the Securities Transaction Tax (STT). This is a direct tax levied on all transactions that happen through a stock exchange.

The STT was brought in under the Finance Act, 2004. It has since become a significant source of revenue for the government, netting an estimated ₹55,000 crore in FY 2025.

But this petition argues that the STT is deeply flawed, and violates constitutional guarantees of equality, freedom of trade and proportionality.

How valid are these arguments? Should the STT be scrapped, or retained with modifications?

Guest: Deepak Joshi, advocate-on-record at the Supreme Court, and a Chartered Accountant. Host: G Sampath

Recorded, produced, and edited by Jude Francis Weston

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1110 episodes

Artwork
iconShare
 
Manage episode 513367221 series 2606066
Content provided by The Hindu. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Hindu or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

The Supreme Court is set to take up a plea challenging the constitutional validity of the Securities Transaction Tax (STT). This is a direct tax levied on all transactions that happen through a stock exchange.

The STT was brought in under the Finance Act, 2004. It has since become a significant source of revenue for the government, netting an estimated ₹55,000 crore in FY 2025.

But this petition argues that the STT is deeply flawed, and violates constitutional guarantees of equality, freedom of trade and proportionality.

How valid are these arguments? Should the STT be scrapped, or retained with modifications?

Guest: Deepak Joshi, advocate-on-record at the Supreme Court, and a Chartered Accountant. Host: G Sampath

Recorded, produced, and edited by Jude Francis Weston

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1110 episodes

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