My Demand: Make Long Term Capital Gain TAX on Equities NIL for individual investor.
I welcome the hike in STT (security transaction tax) on derivatives as it can curb reckless speculation. Nearly 90% of retail investors lose money in F&O, turning markets into gambling.
When STT was originally introduced, LTCG was zero. But now with both STT and LTCG in place, investors are disincentivised.
I urge the govt to abolish LTCG on equities for individuals, as done in Switzerland, Singapore, UAE & others. This will boost household wealth, reduce speculation, and shift savings from gold & real estate into equities.
๐ฅNEED TO BE LOUD ON CAPITAL GAINS TAX REFORM
#AbolishSTT#ScrapSTT#AbolishLTCG#ReduceSTCG#Budget2026
There was No LTCG on listed securities from 2004 to 2018 March. Did everyone DIE and Country Collapse in this 15 year period????
In fact, the exemption was introduced to encourage greater investor participation and deepen the equity markets and hence boost capital expenditure in industries
โWho brought LTCG tax back (On top of existing STT) in 2018?
โThen who decided to rip investors by increasing LTCG as well as taking STCG to unreasonable 20% in 2024?
The same person had mentioned in 2024 that her dream is to make LTCG equal to STCG in couple of years ๐ก Does she want Modi to be brought down?!
Investor faith in BJP is on downward spiral ๐ Remember how @raghav_chadha caused massive interest by speaking up on Capital Gains?
While the IT bracket reform done last year is appreciated, similar strong reform is needed in Capital Gain segment too. Even indexation is to be brought back while tax rate remains very low.
If not opposed and if everyone keeps quiet, we will find 15% LTCG this year and 20% Next Year.
#LTCG #STCG #STT @FinMinIndia@nsitharamanoffc