Platinum Member
242 Followers
Budget 2013: Commodity Transaction Tax (CTT) would hurt market liquidity, says Religa... Read full message
3.15 PM Feb 26th  | Track
Replies (18)
Platinum Member
27 Followers
Should be implemented.
10.24 AM Feb 28th
Platinum Member
235 Followers
If the past practices of Chidambaram and the Congress, who have gleefully "invented" ways and means to burden the country with "innovative" taxes, are any indications, it is very likely that a whole stream of new taxes will be introduced. After all, the government has very little money after paying themselves minimal salaries and maximal benefits and their (i.e the protagonists and their organisations - in that order) survival becomes most important.
10.10 AM Feb 28th
Silver Member
2 Followers
yes,this is going to see the worst of our markets in recent years.
8.17 AM Feb 28th
New Member
0 Follower
DDTell us in few words
6.20 AM Feb 28th
Guest
budget will not hurt market sentiment..fin min is chidambaram a specilist one person ..dont sell in panic but buy selectively in up & down..
9.35 PM Feb 27th
Gold Member
16 Followers
I think CTT will not much impact liquidity,speculators will shift or returned to shares market,that will be overall positive for the market,the Finance minister may impose CTT in small quantity
9.12 PM Feb 27th
Gold Member
3 Followers
yes then only investors shift to equity
7.04 PM Feb 27th
Platinum Member
170 Followers
There is definitely a possibility of the same this since the Govt is likely to tap all possible sources of revenue generation.
5.48 PM Feb 27th
New Member
0 Follower
I DO NOT THINK SO.
OUR FM IS A WISE PERSON, HE WILL NOT DO ANY FOUL PLAY.
3.51 PM Feb 27th
New Member
0 Follower
YES
3.28 PM Feb 27th
Gold Member
8 Followers
Mr. Chidambaram is known to bring newer and un-heard type of taxes like cash withdrawl tax, fringe benefit tax etc. This time CTT. And one more thing; this time shareholding as on 31st March will be made a part of Wealth under Wealth Tax Act and will attract a tax of aboiut .05% on the holding on 31st March every year. If done mkt will soon touch 5200 level with in 2 or 3 days.
2.59 PM Feb 27th
Guest
There should be uniform taxation across market segments or liquidity gets distorted
1.19 PM Feb 27th
Platinum Member
4 Followers
I personally feel that commodity exchange has destroyed big section of physical trade. Forex crisis due to commodity exchanges. So many people have lost their life and fortune due to this suicidal trade. Ctt and other restrictions must be imposed so it remain to benefit
12.29 PM Feb 27th
New Member
0 Follower
sure... it is must to govt..... but commodity trading will grew faster then previues year trading
12.27 PM Feb 27th
Platinum Member
13 Followers
Now that`s really disgusting , Government trying to put and add taxes on all possible thing . It should better try not being lame..... Because until they will not change personally country will not develop by implementing heavy taxes
11.57 AM Feb 27th
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