Hello Traders,
As we all know a Crap 'Shome Panel' proposed to hike STT and remove STCG Tax. We are already paying a huge STT and it's eating away out profits, and our Govt. is trying to loot us till our last drop of blood.
These proposals of Shome panel will only benefit the FIIs. We have elected such a govt. who gives benefits only to foreigners. If STT is increased then we'll have to pay more for our losses too.
Already there are so many of taxes, STT, SEBI turnover, Stamp duty, Exch turnover, and the sky high service tax of 12.36%. And after paying so much at the end of year if we have a profit we have to pay Income tax. Why so much tax???
One the other side, govt. is trying to increase financial awareness and trying to encourage retail participants. But the question is how do we trade if govt. goes on increasing taxes like this???
As we all know a Crap 'Shome Panel' proposed to hike STT and remove STCG Tax. We are already paying a huge STT and it's eating away out profits, and our Govt. is trying to loot us till our last drop of blood.
These proposals of Shome panel will only benefit the FIIs. We have elected such a govt. who gives benefits only to foreigners. If STT is increased then we'll have to pay more for our losses too.
Already there are so many of taxes, STT, SEBI turnover, Stamp duty, Exch turnover, and the sky high service tax of 12.36%. And after paying so much at the end of year if we have a profit we have to pay Income tax. Why so much tax???
One the other side, govt. is trying to increase financial awareness and trying to encourage retail participants. But the question is how do we trade if govt. goes on increasing taxes like this???