Dear @NSitharaman,
If share trading is someoneโs only source of income and they make โน8 lakh profit in a year through short term trading:
STCG tax: 20%
โน8,00,000 ร 20% = โน1,60,000
4% cess = โน6,400
Total tax = โน1,66,400
This feels unfair for people who depend only on trading.
A salaried person earning โน12 lakh pay zero income tax, while a trader making just โน8 lakh profit has to pay โน1.66 lakh in tax.
WOWOWOW.