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Sebi wishlist for Budget 2017: Here are the key points

The regulator has recommended lowering the STT for tax trading

Sebi
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Proceedings have been approved under the takeover regulations and relevant provisions of the Sebi Act, the market regulator has told the Delhi High Court

BS Web Team New Delhi
Ahead of Union Budget 2017, the capital market regulator Securities and Exchange Board of India (Sebi) has sent its list of recommendations to the Finance Ministry. Sebi has asked the government to encourage stock trading and investments in mutual funds by easing tax rules. 

The regulator has also recommended lowering the securities transaction tax (STT) for tax trading and a slew of other measures, a report published in Economics Times said. 

Lower STT for trading 

After its introduction in 2004, STT was fully deductible against the income tax payable. But, after four years, an amendment was made

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