Tweets mostly about the Indian Financial Markets, Technical Analysis and Global Marco Trends. Tweets are for informational and educational purposes only.
Tamil Nadu CM Vijay is really cracking down on corruption. Sacking six Chennai corporation employees. Removing his own party member. And now a full warning to all cabinet ministers he won't hesitate to remove them in case of corruption. Vijay means business. @TVKVijayHQ
STT+STCG is a killer
Honestly, STT+STCG is such a terrible combination for active investors, particularly traders.
Imagine this -
You buy shares worth 50 Lakhs.
You sell those at 50.1 lakhs.
So, you make a profit of 10K (STCG applicable)
You have to pay STT of 20K for buying and selling.
So, on a net basis, you are at a loss of 10K.
Now, you have to pay STCG
of 20% on 10K = 4K.
So, you already made a loss on the trade due to STT, now the Govt. takes another 4K from you (total 14K loss...)
This is what Rubbing Salt on Wound means.
Absolutely blood-sucking taxation !!
@connectgurmeet Illiquid markets can be easily manipulated. Higher STT has killed Fairplay. Government earning more than brokers, will destroy our free market branding. As usual, it will be too late by the time we will reverse our stance like our stance on FII flows.
@connectgurmeet Illiquid markets can be easily manipulated. Higher STT has killed Fairplay. Government earning more than brokers, will destroy our free market branding. As usual, it will be too late by the time we will reverse our stance like our stance on FII flows.