#BreakingNews | #Govt exempts #FIIs from tax on G-Sec interest & cap gains
Income-tax (Amendment) Ordinance 2026 effective Apr 1, 2026
#BIS also exempt from G-Sec interest & capital gains tax
SEBI made its BIGGEST Blunder in last 10 years by letting go IRRA.
Understand this:
How SEBI functions when it comes to major decisions, in general?
It issues consultation papers.
Public gets to share feedback. Then the call is made (apparantly).
In this calendar year, SEBI has issued 27 of them.
Recent ones:
1. Municipal Corporations raising bonds.
2. Foreign Investors netting fund transactions.
3. Wheat futures resulting in actual wheat delivery.
Few days ago - SEBI shut down IRRA. No consultation paper. No public feedback. No retail trader was asked.
IRRA was the only platform that let you exit open positions independently when your broker's app crashed.
What else could have been important during a Technical glitch than IRRA?
If this is not a blunder, what is?
We did a complete video on it. 👇👇
is it speculation of some news related to tax soaps to attract FII ? what about US-iran war? what about US AI rally? What abut US tariffs for india? no matter what direction is unclear and speculators playing around for the day. big morning half gap down recovered over this
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.
Petrol prices are on fire.
Several Indian states have now crossed the ₹110/litre mark, with Andhra Pradesh touching ₹117.75/litre. Meanwhile, only 3 regions in the country still have petrol below ₹100/litre.
Know more: https://t.co/VGf4UDhqcU
#dowjones US markets assume the war is over 🤔 & seems ready for a rounding pattern breakout from the new highs. meanwhile #nifty shows resistances with #niftyit index AI hit -40%, in addition to the oil impact.taking out 26K again would need #FII stop the selling🤔