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STT was originally introduced to replace LTCG and STCG.
But now, STT is still there, and on top of that:
•STCG is raised to 20%
•LTCG is raised to 12.5%
And govt is not collecting all three
STT
LTCG
STCG
😐
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This government just wants to collect as much tax as possible from people.
2015: Swachh Bharat Cess
2016: Infrastructure Cess on automobiles
2018: LTCG (10%) introduced
2018: Health and Education cess
increased from 3% to 4%
2024: LTCG increased to 12.5%, STCG increased to 20%
No one knows where it all goes. Government Schools and hospitals are in pathetic state. Every other day some bridge falls, someone’s car gets stuck in open potholes, drainage system is useless in most metro cities, little rain and whole city stops functioning.