Question : SECURITIES TRANSACTION TAX

(a) the details of Securities Transaction Tax Collected during each of the last three years;

(b) whether the targets set forth in this regard are not achieved in any of the last three years;

(c) if so, the details thereof and the reasons therefor; and

(d) the steps taken or proposed by the Government in this regard?

Answer given by the minister

MINISTER OF THE STATE IN THE MINISTRY OF FINANCE (SHRI S.S. PALANIMANICKAM)

(a) The details of Securities Transaction Tax (STT) collected during each of the last three years is as under:-

F.Y.	Amount (in Rs crores)
2006-07	4647
2007-08	8577
2008-09	5409

(b) Yes, Madam, only for financial year 2008-09.

(c) It was estimated to collect Rs 5500 crores in financial year 2008-09.There was nominal short fall as the capital markets experienced heightened uncertainties and downturn during 2008 triggered by the international financial crisis, slowdown in the global economic growth.

(d) The government has already taken steps for faster recovery of markets, which has resulted into improvement in the level of indices. It is estimated to collect Rs 6000 crores in financial year 2009-10.

Question : SECURITIES TRANSACTION TAX

Answer given by the minister

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