Tax “Friction” Under Fire
With the Union Budget approaching on February 1st, the debate over STT (Securities Transaction Tax) has reached a fever pitch.
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Supreme Court Scrutiny: The SC is currently examining a petition challenging the validity of STT. Investors argue it constitutes “punitive” double taxation, especially since it is levied even on loss-making trades.
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Capital Gains Expectations: Market participants are aggressively lobbying for a reduction in the 12.5% LTCG and 20% STCG rates, claiming the high tax burden is discouraging the “financialization of savings.”