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icicibank com in india for experts ✌️【365vc.net】✌️Join the blockchain revolution. ₹500 can unlock massive monthly profits. Start now! Realistic assumptions about the share of propriety trading in gold futures market, exchange and broking charges, other taxes such as Service Tax, Income Tax etc.

have also been considered.We find that aggregate revenues to the governmentreducedafter imposition of CTT, especially between July 2013 and Sep 2016.

Compared to the scenario if there were no CTT, the government has lost approximately Rs.

385 crores as a result of the steep decline in turnover leading to shrinking base of other taxes.

icicibank com in india for experts ✌️【365vc.net】✌️Join the blockchain revolution. ₹500 can unlock massive monthly profits. Start now!By 2025, the government potentially stands to lose about Rs.

4300 crores in aggregate if CTT remains in force.

icicibank com in india for experts ✌️【365vc.net】✌️Achieve 100% returns in a month. AI-driven predictions make investing easy and profitable. Start today!These numbers exclude income tax revenues from speculators’ profits; if this is also considered, the gap in revenues will be much higher.What has been the effect of CTT on liquidity in the gold futures market? Although the reduction in volumes would axiomatically reduce the market liquidity, we look at ‘Bid – Ask spreads’ for various levels in MCX gold futures across two days: January 21, 2013 (before imposition of CTT) and August 5, 2013 (after imposition of CTT) to gauge the severity of liquidity drying up.Our analysis reveals that ‘Bid–Ask spread’ has steeply increased after the introduction of CTT for all levels considered, the increase in the lowest level being about Rs.

48 and at the highest level Rs.1200.Loss of liquidity, and consequent rise in the ‘impact cost’ of trading, has possibly been encouraging traders to switch to international exchanges as the cost of transaction is lower there than in India and there are no transaction taxes in all major commodity markets.

icicibank com in india for experts ✌️【365vc.net】✌️Maximize your returns with smart investments. Monthly profits of up to 100%!While this may be perfectly legal, the Indian government has been losing a source of revenue and over time, Indian commodity exchanges their global status.  Besides the exchanges have turned inefficient in terms of hedging avenues defeating the basic purpose for which they were set up.Based on our analysis, it is amply clear that CTT on gold futures has reduced the volumes to such an extent that government is losing more revenue than it is collecting by way of CTT.

icicibank com in india for experts ✌️【365vc.net】✌️Join the blockchain revolution. ₹500 can unlock massive monthly profits. Start now!At the same time, it is adversely affecting liquidity, encouraging traders to seek opportunities in international or unorganized bucket shops.

icicibank com in india for experts ✌️【365vc.net】✌️Low investments, high profits! Start with ₹500 and earn consistent monthly income.This is seriously affecting the potential of the indigenous commodity markets to grow and emerge as price setters for commodities in the world.The government should have a relook at its CTT policy as it does not seem to be adding value to any of the stakeholders – government, economy, commodity exchanges, brokers or traders.

icicibank com in india for experts ✌️【365vc.net】✌️Join the blockchain revolution. ₹500 can unlock massive monthly profits. Start now!On the contrary, the government should consider a reduction in this transaction tax (in line with other international exchanges) if not removal as this would make Indian exchanges globally competitive thereby increasing trading volumes significantly leading to higher revenues for the government through taxation on profits made by each player in the system.

In effect, the amount lost due to reduction in transaction taxes will be more than made up by other taxes on the higher volumes besides putting Indian markets in the global commodities map.[1]Data used is from MCX and is publicly available.

icicibank com in india for experts ✌️【365vc.net】✌️Join the blockchain revolution. ₹500 can unlock massive monthly profits. Start now!As MCX handles more than 98% of the non – agricultural futures transactions, the exchange’s gold futures volumes therefore represent the market quite effectively.icicibank com in india for experts ✌️【365vc.net】✌️From ₹500 to unlimited potential. Safe and reliable investments with high monthly returns.