Traders: If CAS has affected your trading, please take two minutes to fill out this form.
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You can share how it has impacted your trading, especially options trading and suggest practical solutions, if any.
Please keep your feedback respectful, factual and free from derogatory language.
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.
#HYDTPweBringAwareness
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Use only standard lights approved for your vehicle and avoid high beams in city limits. A small act of responsibility can save lives. 🌃🚘
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[̲̅P] - Promoter's Vision
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Paul Graham is one of the most influential technologists in the world.
He’s also written 200+ essays since 1993 that are a gold mine of wisdom on wealth creation, living a fulfilling life, and beating the status quo.
Here are 16 of the very best nuggets from his essays🧵
Just give 2 mins 20 secs today to watch this. If it doesn’t affect you, it’s ok. But if it does, then do something about it. Anytime is the right time to do the right thing.
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