Tax on share trading
It is beyond my understanding as to how so many taxes are paid by the trading community. Whether there is gain or loss in the market the tax remains the same and there is no respite for the trader.
List of taxes to the government kitty from the trades:
1.Turnover Charges
2. Service Tax
3. Stamp Charges
4. Sebi Charges
5. STT
6. Edu.Tax
7. Higher.Edu.Tax (and we get get in lieu of this tax scholars fighting with the government and asking for azadi)
It is high time the share brokers and share traders present their case before the government as ask for the revision.
There should only be one tax, similar to GST or by whatever name and should be linked to the profit made by the trader. No one would mind paying the tax if he/she is gaining from the transaction. Short term gain/LTG income tax is gladly paid by those who earn. more
List of taxes to the government kitty from the trades:
1.Turnover Charges
2. Service Tax
3. Stamp Charges
4. Sebi Charges
5. STT
6. Edu.Tax
7. Higher.Edu.Tax (and we get get in lieu of this tax scholars fighting with the government and asking for azadi)
It is high time the share brokers and share traders present their case before the government as ask for the revision.
There should only be one tax, similar to GST or by whatever name and should be linked to the profit made by the trader. No one would mind paying the tax if he/she is gaining from the transaction. Short term gain/LTG income tax is gladly paid by those who earn. more
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Mr. Raghveer Sahore - good, you are abroad. I will appreciate, if you can collect the information in respect of - Roads, cleanliness, safety, law and order on the road, education, medical facilities, road victims, reserved parking for handicap, attitude of public in General. more
Mar 08
Mr Sanjeev, I am out of country at present. will come back after 3 months keep my number delhi No 7042712427. I will try my best. more
Mar 08
Mr. Raghuverr Ji. Thanks. Advise me one. But give guarantee, in case of any financial / mental trouble you or your CA will take care of. If required I can give my RT filed last 10 tears - all refunds - your. more
Mar 08
