FTT meaning in Income Tax ?

Answer:

What is Financial Transaction Tax mean?

A financial transaction tax is a levy on a specific type of financial transaction for a particular purpose. The concept has been most commonly associated with the financial sector; it is not usually considered to include consumption taxes paid by consumers.

A transaction tax is not a levy on financial institutions per se; rather, it is charged only on the specific transactions that are designated as taxable. So if an institution never carries out the taxable transaction, then it will never be subject to the transaction tax. Furthermore, if an institution carries out only one such transaction, then it will only be taxed for that one transaction. As such, this tax is neither a financial activities tax (FAT), nor a Financial stability contribution (FSC), or "bank tax", for example. This clarification is important in discussions about using a financial transaction tax as a tool to selectively discourage excessive speculation without discouraging any other activity (as John Maynard Keynes originally envisioned it in 1936).

There are several types of financial transaction taxes. Each has its own purpose. Some have been implemented, while some are only proposals. Concepts are found in various organizations and regions around the world. Some are domestic and meant to be used within one nation; whereas some are multinational. In 2011 there were 40 countries that made use of FTT, together raising $38 billion (€29bn).

reference

Full Form	Category
Foreign Telegraphic Transfer	Accounts and Finance
Financial Transactions Taxes	Business
Finning International Incorporated	Business
financial transaction	Business
Financial Transfer Tax	Business
Financial Transactions Tax	Business
First Time Trader	Business
Financial Transaction Taxes	Business
Fair Trade Tourism	Community
Foreign Travel Tax	Community
Film Television and Theatre	Community
Failure To Train	Computer and Networking
Floating Point Trap Type	Computing
Free To Try	Computing
Fedora Technical Team	Computing
Forced Technology Transfer	Computing
Future Technology Transformations	Computing
Florida Turbine Technologies	Computing
Ferrate Treatment Technologies	Computing
Full Time Training	Computing
Fire Testing Technology	Computing
Fashion Textile Technology	Computing
FTX Token	Cryptocurrency
Fastest Time Through	General
Freitaler Trabi Treff	General
Ford Test Track	General
Food Truck Thursday	General
Food Truck Tracker	General
Formula Todo Terreno	General
Fault Tolerant Training	General
Frequency Intensity Time	General
Free Territory of Trieste	General
Fullerton Tokers Town	General
Final Theory Test	General
failure to	General
Flexible Time Triggered	General
Field Training Team	General
Free Topology Transceiver	General
Friendship Truth And Trust	General
failure to thrive TR	General
Finger Tapping Test	General
Fuel Tank Temperature	General
Families Talking Together	General
Full Time Temporary	General
Fibre To The	General
Failures To Tolerate	General
Flight Test Technique	General
Failure To Thrive	Governmental
First-tier Tribunal	Governmental
Freight Transport Technologies	Governmental
Freight Transportation Technologies	Governmental
Financial Transaction Tax	Income Tax
French Target Text	International
French tech tour	International
Fixed Term Training	Medical
Free Tissue Transfer	Medical
Fecal Immunohistochemical Testing	Medical
Fibrinolytic Therapy Trialists	Medical
Free To Talk	Messaging
Functional Threat Test	Military and Defence
Field Tactical Trainer	Military and Defence
Fulton Municipal Airport, Fulton, Missouri USA	Regional
For The Team	Sports
Flip The Tabs	Sports