New rules from April 1: The new financial year brings a chain of changes, applicable from April 1, 2023. Here's a lowdown on key changes pertaining to Securities Transaction Tax (STT) on stock derivatives, gold hallmarking, rules on addressal of technical glitches, fuel rates, and much more as India enters a new financial year, 2023-24:

STT on options trading. The STT has been raised from 0.05 per cent to 0.0625 per cent. For futures trading, the STT is increased from 0.01 per cent to 0.0125 per cent. 

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Stock exchange NSE has rolled back its recent 6 per cent increase in transaction charges on the equity cash and derivatives segments of its platform. 

New Sebi guidelines 

Technical glitch framework by the Securities and Exchange Board of India (SEBI) in favour of investors will be applicable from April 1. The guidelines stated that the stock exchanges need to inform about the glitch in a trading transaction within an hour of the occurrence. In case of a glitch, traders have to give a root cause analysis report within 14 days of the incident. 

Changes in the commodity market 

-Gold hallmark rules now applicable 

-India halts duty-free imports of crude soy oil 

Changes in the Auto sector 

-Bharat NCAP – a rating-based safety assessment of Indian cars based on various parameters – comes into force

-BSVI or Bharat Stage Emission Standards 6’ Phase 2 starts 

-15 years old government vehicle scrapping rule applies   

-Fitness certificate will be mandatory for all vehicles from October 2023

Other changes 

-Revised LPG prices 

-Natural gas priced at Rs 73.93/MMBTU

-New tax regime to be the default regime 

-New income tax rate and slab applicable 

-Only Rs 10 crore property will get the benefit of Long Term Capital Gain (LTCG) 

-Insurance premiums exceeding Rs 5 lakh will be taxable 

-No LTCG benefit on debt mutual funds with only 35 per cent equity exposure 

-Online gaming firms are required to deduct 30 per cent TDS on any winnings withdrawn by users in excess of Rs 10,000 in each transaction.

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