More good news.
Sebi writes to govt urging tax parity between cash and derivatives
http://www.business-standard.com/ar...ween-cash-and-derivatives-118050700833_1.html
Sebi writes to govt urging tax parity between cash and derivatives
http://www.business-standard.com/ar...ween-cash-and-derivatives-118050700833_1.html
1. Increase the collection of STT.
2. Decrease the retailer's participation in Future Market.
3. Shift the retailers from futures to options as much as possible to get more tax. [New add on]
SEBI is now indirectly saying (in that article),
Tax in Option is lesser than Tax in F&O
=>(read between the lines) INCREASE THE STT IN OPTIONS! Govt already increased in option 3 times, still not satisfied!
***********
They also said below in that article, dirty planning is going on to shift retailers from future to options.
'The market regulator introduced the concept of ‘product suitability’ according to which an investor can take restriction free exposure to derivatives only up to a certain threshold, to be determined by his income levels!'
Trading is a business, it is up to the traders to determine ‘product suitability’ for them.
SHAME ON SEBI & GORMINT!
Last edited: