Dhruba Jyoti Sardar

Data Engineer।। Cloud Migration Specialist।। Investor।। Trader।। Techno Funda Analyst

[Vijay Kedia @VijayKedia1]

Respected @nsitharaman ji and @FinMinIndia,

Suggestion 3 of 3 for strengthening India's capital markets:

Securities Transaction Tax (STT) should be abolished.

STT was introduced as a simplified transaction tax to facilitate easier collection of taxes from capital market transactions. However, over time, it has effectively become an additional layer of taxation alongside other market-related levies.

A simplification measure should not evolve into permanent duplication.

In addition to brokerage, investors already bear multiple statutory and regulatory charges including exchange transaction charges, GST on transaction-related charges, SEBI turnover fees, stamp duty and STT.

Unlike income tax, STT is payable irrespective of whether an investor makes a profit or a loss. The investor pays the tax simply for participating in the market.

Capital markets play a vital role in channeling household savings into productive enterprises, supporting entrepreneurship, generating employment and strengthening India's economic growth. Transaction costs and multiple layers of taxation discourage participation, particularly among long-term retail investors.

India's equity markets have matured significantly since the introduction of STT. The time has come to review its original purpose and reconsider its continued relevance.

Abolishing STT would simplify market taxation, improve capital market efficiency and encourage greater participation in India's growth story.

Respectfully submitted.

[Dhruba Jyoti Sardar @DhrubaJSardar]

@JakeraChoudhury 🤣🤣🤣

[Vishal Vardhan @microcp2mltibgr]

Govt gives freebies and cash to the public and they are involved in watching Instagram mujra and soft p*rn, why can’t govt tax 80% of such gullible income from Instagram subscription. The freebies cycle will continue smoothly in this process and no women will get motivation from Heeramandi culture. But no, they will increase LTCG, STCG and STT just to avoid fresh investments coming in country.

[Gurmeet Chadha @connectgurmeet]

Honourable @PMOIndia and @FinMinIndia

We are losing Foreign Capital of almost $1 Bn a day. Since July 2024, post hike in capital gain tax and STT, we have lost $100 Bn and our markets have become globally unattractive .we need patient risk capital to fund our growth story.

It’s undoing the good work done through various reforms.

A responsive govt like yours has always taken feedback on taxation - GST, Income tax and given relief.

I urge you to reconsider.

[Discipline TrendFollower @SouravSenguptaI]

Dear @nsitharaman
@PMOIndia

Many Finance Ministers in the past actively encouraged foreign investors to bring capital into India — be it Pranab Mukherjee, P. Chidambaram, or Arun Jaitley. They understood that India, as a capital-scarce country, needs patient foreign capital to fund its growth story.

👉There is no harm in listening to investor concerns. I remember when STT was first introduced, the Finance Ministry engaged extensively with market participants and made multiple efforts to understand their feedback.

👉Today we again face a situation where global capital is becoming hesitant. At a time when India needs investment across sectors — even areas like gas exploration where resources remain under-utilized due to lack of capital — attracting long-term foreign investment is critical.

I respectfully urge the government to reconsider the current approach and take a fresh, balanced look at the entire issue.l🙏🙏

[Investing @ Prakash @Prakashplutus]

Our capital tax will be close to zero this year.

Lets surprise the world , cut capital, gain taxes by 50% & see how capital is flowing to India & many companies will come and invest in India .

You will see calmness in Bond market too.

Lets make India great again

[Dhruba Jyoti Sardar @DhrubaJSardar]

@darvasboxtrader Perfectly said

[Dhruba Jyoti Sardar @DhrubaJSardar]

@hari08586 @MaheshKh64 🤣🤣🤣🤣🤣

[Dhruba Jyoti Sardar @DhrubaJSardar]

@SamyukthaJoshi @darshitpatel84 And Bajaj Finance too.

[Dhruba Jyoti Sardar @DhrubaJSardar]

@VCPSwing You are one of the finest, cleanest person on twitter. One of the BEST tweet , sums up a full Trading course in just a tweet.

[Dhruba Jyoti Sardar @DhrubaJSardar]

@SarangSood People will start buying JWL tomorrow

[Dhruba Jyoti Sardar @DhrubaJSardar]

@AimInvestments PRG ratio is the key here. PE of 10 with 1 PEG is less attractive to Operator than 90 PE with 5 PEG. Thats why Zen , Network people becomes 10 times with 90 /100 PE.

[Dhruba Jyoti Sardar @DhrubaJSardar]

@BullsofMarket12 Reliance Power

[Dhruba Jyoti Sardar @DhrubaJSardar]

@stockswithparth Might be Som Distilleries

[Dhruba Jyoti Sardar @DhrubaJSardar]

@TradingMarvel Indeed a very solid list for long term SIP.

[Dhruba Jyoti Sardar @DhrubaJSardar]

@Shobhitcool2001 HBL power

[Dhruba Jyoti Sardar @DhrubaJSardar]

@ishmohit1 🙏🙏🙏🙏🤣🤣🤣😀

[Dhruba Jyoti Sardar @DhrubaJSardar]

@ishmohit1 🤣🤣🤣🤣🤣🙏🙏🙏..Short wale already Carrying Long bolna start kar diya

[Dhruba Jyoti Sardar @DhrubaJSardar]

@WeekendInvestng This was best 🤣🤣🤣..

[Dhruba Jyoti Sardar @DhrubaJSardar]

@microcp2mltibgr 🤣🤣🤣🤣🤣🙏🙏🙏🙏