Share Market Falls Due To Increase In Tax On Capital Gains In The Budget
The Country is moving forward very fast, the economy of our country is moving very fast,
Share Market Falls Due To Increase In Tax On Capital Gains In The Budget 2024
let’s invest in the share market, first of all everyone was pushed into the share market, the echo of share market was heard everywhere and many people are entering into investment
India’s war, the effort of those people who are in the share market is to earn good money by trading in futures and options, suddenly Sebi started saying that people are speculating in futures and options, people will spend all their savings on it, SEBI said that people with futures and options are suffering losses only, SEBI said that these people have to be stopped somehow
The government said that in our country Future & Option Trading people do a lot of loss
You people are the captains who run the economy. You will earn money from the share market, the government said that we will keep looking at you people’s faces, this will not work, then the government said that there will be a cut of about 20%, those who were earning some money from the share market, were happy here and there, now people are disappointed, earlier it was 15%, now the tax has been increased to 20%
And those who were going to invest long term in the share market, earlier they used to give 10 percent to the government, now they will have to pay 12.5% tax, people are not considering the budget of the share market in 2024 as good, people are very unhappy with this
- Common people mostly invest in debt or equity, this time what the government has done with the share market is that it has increased the capital gain tax and this is a very old history of capital gain tax, from 1947 till now this work of capital gain tax is going on and will continue in the coming future
The second thing that the government
Has done with future and option is that their STT tax has been increased
If the government had earlier taken money from the people who trade future and option Those who earned money by their hard work through futures and options, the government has increased the tax on that too. The real purpose of the government is to stop futures and options trading in some way or the other.
The big reason for this is that many of you who initially enter trading lose a lot of money in the beginning. Neither have they taken the education of the share market nor do they have the experience of the share market. In the hurry to earn money, they lose all their capital in futures and options trading. That is why the government wants to exercise a lot of power on this futures and options trading.
But the share market was given so much of a bomb on futures and options trading. If the government is planning a 30% tax on futures and options, then the market will also fall a little or may fall.
The third thing that has been done for the share market is buy back stock. Suppose you guys buy anyone’s share. It was Xyz company and you people had purchased its share. For example, suppose Tata Birla and other company’s share were purchased. Share of Xyz company was also purchased. The company suddenly thinks that I should buy back my share from these people. The share which was left with these people for 200, its value has become 500 by now. I buy back my share for ₹800. This is called buy back and the government also collects tax on the profit that you people get from the buy back.
The Government First Took The Share Market
To a height and when it reached a height, then the government worked to bring it down. That is, the government first increased the share market, people started thinking how well the share market is going, how good profit people are earning from the share market, after that the government prepared to take tax from it and also implemented tax in the share market.
Conclusion:- In this article, tax of share market has been explained. How did you feel after reading it, please tell by commenting. Thank you.