Originally Posted by Alchemist
I think STT is already too high.
Increasing STT will destroy the liquidity in the market.
Yes, adminjee I feel too that STT on a higher side. LTCG introduced at least with out any cut in STT charges. I don't like this move bcoz STT was introduced withdrawing LTCG. as far as I remember.
then how they both exist simultaneously
I would felt happy if the relaxation is at least 3,00,000 rs. for LTCG or ltcg tax at 5%
This budget successfully changed my attitude
, once I did not claimed excess payed tax [that is a big amount for me at that time] NOW MY AIM IS to do every thing to pay NO TAX or less tax.
The money which I saved before budget by the way of FD from exiting equity investment, I am damn sure at least 60% of that money will WILL not come BACK to equity regardless of what nifty do
I don't care even if nifty reach 20k mark in next 4 years.
I don't know why sri.modi jee and sri.jaitly want more tax from middle-class person who are investing in RISKY market which offers NO guarantee
to even PRINCIPLE AMOUNT
and often they stand in the losing side and also pays STT regardless of profit or loss