The National Stock Exchange has instructed its members to report and pay any extra Securities Transaction Tax collected. This applies to tax collected for the financial year 2023-24 and previous years. The directive follows a request from the Income Tax Department. Members must submit details and remit excess tax with interest.
Brent below $80 to sustain OMC earnings recovery
Oil marketing companies’ margins are expected to remain stable as crude prices stay below $80. Recent crude price drops have significantly improved earnings for state-owned