Dear FM Nirmala Sitharaman @nsitharaman ji, 🇮🇳
Indian retail investors are facing 3 major challenges:
1️⃣ Market volatility 📉
2️⃣ Heavy FII selling
3️⃣ High LTCG tax + STT
Retail investors are taking the risk, but the tax burden keeps rising.
My question to you:
Will the next Budget bring relief on Crypto Tax, LTCG and STT?
👇 Investors, what should the government reduce first LTCG or STT?
One of the biggest mistakes our Central Government is doing is NOT ACKNOWLEDGING MISTAKES.
Not able to understand why Finance Ministry is not able to take active feedback and act on it. Tons of investors are voicing this out @FinMinIndia@nsitharaman ji.
After bringing such wonderful structural reforms, why lose out on Patient Capital? Missing the Forest for the trees.
TAX 1: Investors first pay tax on their income. They use a part of their taxed income to invest.
TAX 2: Second they pay tax on when they buy a stock.
TAX 3: Third, they pay another capital gain tax when they profit from their already double taxed investment.
BONUS ISSUE: They cannot claim Rebate under Section 87A on their capital gains under 12 Lakh.
Is it so hard for the Government to acknowledge this? Why not accept it publicly and act on it?
Scrap LTCG, incentivize long term thinkers (both Domestic and Foreign). Rework on the Capital Gains Tax and make it Investor Friendly. Include Capital Gains from Markets under Rebate Section 87A.
PM Modi ji @narendramodi ji - I hope your team also takes notice of this.
#FI
Nirmala Tai,
For the sake of 140 crore people, please resign.
Neither the market trusts your words, nor your way of speaking. In the web of taxes, you have wrecked the market. Every day, retailers are dying.
Resign for the public's sake, or you will bear the public's curse.
#nirmala #financeminister #nifty50
The Finance Minister is very casual in her remarks that excess liquidity and easy exits are causing the market's underperformance.
She also says the underperformance may continue.
This is nothing surprising given how she has been treating capital markets.
What is surprising is that investors are still hopeful about the removal of long term capital gains tax, a reduction in STT, and so on.
No further damage from any increase in taxation is the best case scenario.
@elonmusk Dear @elonmusk, I’m working on a joint initiative with Mr. Mukesh Ambani. If you're open to a deal, let's connect. We have a proposal on how children can live longer, healthier lives."
#Nevada please find out.
Elon Musk is now openly saying that Indian govt is under the control of Ambani…
To the extent this seems bullying to me now..
I explain why India shall not bend to his bullying 🙏
And stick to its own rules and principles 🙏
Free UPI was the biggest reason India went cashless. Now 0.4% charge above ₹2,000. The shopkeeper won't pay it. You will. This is how it always works: free first, habit second, charge third.
#UPICharges#NPCI#CryptoWala
Rs 11 IV set. Rs 325 on your hospital bill. 2,841% markup, and it's legal. Stents got capped and fell 74% in a day. Syringes and IV sets have no cap. India taxes you AND makes you pay to stay alive. Tukaram Mundhe exposed it. Who's next?
#CryptoWala#TukaramMundhe#HospitalBill #NPPA
Made around ₹15L from April–August.
And guess what? Nearly ₹4L gone in STT, brokerage & other charges. 💀
That’s almost 25%+ of what I made!
And if you’re an active trader like me using MTF and Futures sometimes, the numbers get even crazier — interest + brokerage + STT + taxes + other charges.
Sometimes it feels like you take the risk, deploy the capital and handle the stress…
But the brokers & government make money on almost every move. 😂
Trading is probably one of the few businesses where everyone gets paid before YOU
Traders, check your yearly charges once. The number might shock you
STT is a draconian tax which was brought in to replace LTCG. People trusted them.
But we were fooled in 2018 as LTCG got reintroduced again with STT.
In FY22-23 STT collected was 25,000 crores, this number in FY24-25 went up to 53,000 crores !!
Today the STT collected is more than the money brokers & traders make - meaning they even make money when we lose or end up breakeven !
#AbolishSTT
Worst Finance Minister in Hostory of India
- LTCG all time high
- STCG all time high
- STT all Time High
- Dollar is all time high
- Not Ready to Listen Taxpayer
- Stock market is in worst situation
- Highest GST Rate
Yes Nirmala Sitharaman is Worst Finance Minister in Indian History.