Nirmala Sitharaman’s Viral Video Creates Storm | Are Indian Equity Markets Overtaxed?

After viral video of Finance Minister #NirmalaSitharaman on taxes levied on stock brokers, it's time to revisit what these are and how do these affect brokers.
Deena Mehta breaks it down for you.
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[@sangeethaviolin]

The most insanely taxed nation with no social security.lol

[@raghavendravishwas5929]

👌

[@samuelimmanuel718]

Social Security is for ministers and politicians only.

[@noclicheplease]

Please spell out your plan on how you can provide that said social security without impeding the economic growth and for such a big nation. India is already decades behind in economic growth compared to other nations. On the other hand, the countries that do provide social security are the ones that are dictating terms to the rest of the world. With that power comes the ability to offer social security. Also, now with the population crisis(low fertility rate), some of these advanced countries could go bankrupt themself, if they don't come up with ways to replenish their populations. That is why some countries are dependent on legal immigrants to fill up their coffers. But that wouldn't last long. Younger generations will become responsible to pay the bills for the social security. And for such a huge nations as ours, that would doom our future generations. On the other hand, I do feel that our government needs to work on policies that would benefit the poor. Like the Patent Act of 1970 by Indira Gandhi. Such policies are needed in the field of education and medicine.

[@Thinkgood19]

Good that we are privileged to pay . .......many not even have the means to live.

[@rrsetty2108]

​@@noclichepleasemiddle class people of Bharat are such a unique creatures who don't evade any taxes and don't get any govt benefits.... now time has come to honour middle class people with govt benefits who pays all the taxes honestly.

[@ritukiran]

I AGREE! we earn we pay taxes we buy something we pay taxes we pay bills - more taxes - on already taxed income!

[@Aarunseege]

Tax terrorism

[@muditbehl5737]

And and and... We do not get anything in return

[@Claystone333]

Income Tax, Professional tax, Value Added Tax, Goods and Services Tax(Central and State), Road Tax, Green Tax, Pollution Tax, Long Term Capital Gains Tax,Short Term Capital Gain Tax, Multiple payments of Stamp Duty. Whereas all these politicians can raise their own damn salaries, get everything paid for including travel, fuel, electricity, phone bills, cars, security, homes, pension, electronics, ridiculously high salary for hardly any work besides clapping wooden tables and saying illogical and fiery statements, having many criminal cases against them yet elected and yet facing no imprisonment but everything is paid for in full by tax payer money and have their multiple generations life happily ever after without any problem in their lives. 0:19

[@sandeepKumar-us6gq]

you pay taxes even if you loose not all of them some of them

[@nikhilboddula2111]

Irresponsible answer by FM.. worst minister ever in last few decades

[@user-rw1ov4qk6l]

Oh no From Indipendance till before BJP GOVERNMENT there is no taxes any action like purchase home or car or stock market or salary There is no tax paid before BJP government

[@saying...]

Not he worst, at least she's honest.

[@swapnajitswain2336]

There was taxes but no tax terrorism.

[@MartinAdhikary-ng5be]

Worst finance minister india ever had.

[@k.t.venkatachala1255]

Yes you are absolutely correct. She is here just to collect taxes from people including poor

[@shah_123]

Fuel tax increase of 70%, no government will ever dare.

[@user-kf9zs7xw5j]

We are BANANA nation ....TAXES , TAXES ,TAXES......do anything u hv to pay TAX.....it will not be far ...we will have to pay TAXES for shitting /going to loo.....and what do we get NOTHING ......no social security at all....

[@noclicheplease]

We already pay money for sewage in our BWSSB bill.

[@nidheeshtr1982]

Modi ki guarantee

[@religionofpeace782]

We are already paying tax for shitting. Our commode also have a gst of 18% and the pipes have a gst of 12%, not to mention the water used to flush we need to pay water tax to the water resources department.😂

[@SocialMediaJunk]

We already pay taxes for public toilets, especially at airports. I park my car for 200 Rs, pay for a ticket loaded with taxes, yet not a single restroom is free-they all charge 5 Rs. It's incredibly frustrating in our digital age where we seldom carry coins. Plus, exchanging coins poses a hygiene issue.

[@jitujitu9157]

Its already there that if you don't put your 2nd house for rent.....you would be taxed for empty house too....not about BJP or Congress. And the kind of rent laws we have in our Nation is another headache.....where Courts support the non-paying tenant 😂 its legal terrorism!!!

[@balaprabhu2060]

She don't have answers Because they want your hard work money through taxes without any hard work.

[@user-rz3tn1xy8r]

They want to build statues and religious places to keep people in dark.

[@vanacharlasaipavankumar6331]

How do you consider money from stock market hardworking money and also how much taxes do you pay

[@Mrbholo_2.0]

​@@vanacharlasaipavankumar6331i buy a 5 rupee stock and sell at 6 but after charge i have -16 cause 20 rupees charges 😅

[@pacelligonsalves8707]

Let the Bhatks or paid Godi media answer as FM has no answer.

[@achu10mech41]

So no tax??

[@harshtigga7596]

@@achu10mech41 done riding?

[@achu10mech41]

@@harshtigga7596 ??

[@ZeroVideos000]

Tax on tax was started by Manmohan and Chidambaran and made into law during Congress rule. Let's look at your answer now pappu media. 🤣

[@joharkn]

​@@ZeroVideos000lying is your WhatsApp uni teachings. Pre 2014 there was nationwide tax on products and low circuit tax on high income individuals only. Now we pay taxes on everything, paying for groceries, for oil, petrol, paying individual income tax, paying gst for buying any product, even having food in a small restaurant. This is looting and never before seen.

[@vivekghadi9440]

Indian government has to think about this taxes on equity & FNO. That's too much.

[@shajisn5094]

This tax invasion in India will harm BJP‘s long time strategy and plan

[@otpmohan8402]

BJP's story is ending by election result.

[@anirudhsingh3378]

Keep dreaming ​@@otpmohan8402

[@santanodcosta3360]

Bjp care a hoot for the country and it's economy.

[@RaviKumar-vl5vl]

The present FM doesn't know in and out of taxation rules they used to comment that MMS is a thumb prime minister. She is more Than that

[@rahul-tp7hr]

Going forward,bjp will tax if we create a folio in mutual fund😂

[@saying...]

Mfs are already taxed.

[@SRK-SunDiego]

Wow. So many charges on stocks/ETFs sell and buy. Practically no taxes on sell and buy on Stocks/ETFs and all most all firms don't even charge brokerage fee in USA. The only tax is capital gain tax on stocks/ETFs in the USA. Something is not correct, if this is the way continues, more people will move away from Indian stock market and they may look for foreign markets like the USA if Indian government allows to invest in foreign countries.

[@saroK6053]

When will our opposition parties start asking these types of sensible questions.

[@ds_archives]

GST was one of the major issues of Congress's campaign in 2019. But the majority of Indians only care about Hindu-Muslim issues!! Indian voters respond only to - Hindu-Muslim, Freebies, and Caste-based politics.

[@saying...]

That's the sad story of India. People are divided in their heads.

[@vanacharlasaipavankumar6331]

@@ds_archives Ignorant people like you GST is the best thing happened for India it created a common market place made indirect taxes too simple that now they don't need even tax professionals to assist you. GST has increased the Tax Base and also tax collections are also improved for your Information India Tax to GDP ratio is 11% which is very low compared to China with 20% and US with 30% something

[@vijaykumar.d8729]

Keep it other taxes while buy and sell, but long term capital gain tax should be removed permanently

[@vanacharlasaipavankumar6331]

Why ?? it's the lowest tax rate that is 10% (effective is 11.96%) when you make you have to pay taxes otherwise how this country will run

[@santanodcosta3360]

​@vanacharlasaipavankumar6331 the country can very well run on the GST collected if used judiciously and honestly.

[@vanacharlasaipavankumar6331]

@@santanodcosta3360 Again people like you complain about income inequalities and complain about reducing high tax rates make governments are favorable to rich

[@kasturiswami784]

Nirmala sitaraman laughing and looking happy,is it because she won't be finance minister after June fourth and can lead a peaceful life in Chennai?

[@mailforveena]

Hope so! She's overly cautious and not innovative enough.

[@swapnajitswain2336]

She mustn't get a berth in next cabinet.

[@RishirajPatel-hs3cd]

It’s really shameful that they know that it’s wrong & has no answer to justify it.

[@thelayman6189]

Both anchor and the broker are totally diverging from the actual issue and misleading the actual victims, the traders !! The tax here is for the traders, and not about what happens when a broker passes his company to his son And NOT the Dividend tax paid by companies... Or Stamp Duty for Real Estate!! Hopeless Nonsense

[@subramaniprasad5]

now time has come... those who are paying tax by working hard government should consider giving benefit if not people will start looking to moving out of the country which they don't want :(

[@ChinmayPatil23]

absolutely right and many individuals are already leaving the country

[@sanjibdebnath9605]

People will not look for….people who are capable of, have already left the country and many have lined up to leave in coming years…

[@Chair.dreamer]

Potty tax is next 😂😢

[@Sudheer3191]

I guess we already pay tax for this too indirectly. Such a state of taxes

[@CollegeYari]

That is the reason people Leave the country. TAX nightmare in India. No social security, no savings.

[@bharathkedarnath]

How many more kind of taxes we need to pay. Blind Bhakths, please realize.

[@aDroid_247]

Were these taxes not present during upa time

[@bharathkedarnath]

@@aDroid_247 so let's list out the percentage and types of taxes. You will feel the difference.

[@vanacharlasaipavankumar6331]

@@bharathkedarnath Lets make are you a tax professional or what or just pappu bhakth

[@user-bi1yr4jq4b]

Capital gains tax on long term capital gains and taxes on dividend should be totally exempt.

[@manojm5747]

Indian stock markets are yes it is over taxed. STCG & LTCG on equity should be brought down from 15 & 10 percentages.

[@vanacharlasaipavankumar6331]

To where 0 but why how 10% is high in long term capital gains

[@mmultani6673]

I am a senior citizen and must maintain good health to work and pay taxes. (option to stop working is not there). To maintain good health I went to take health insurance and I had to pay 18% GST there also - shameless Government!

[@SocialMediaJunk]

Thats seriously affects many. They want the cut everywhere !!!!

[@paris9332]

Reason why one coward is scared to death to give even one single press conference 😂😂😅

[@peacetoall1858]

BJP = Bhrashtachari Jhumla Party

[@arusekar]

This view should be taken as protest and FM should simplify and reduce the tax

[@prakashth]

Salaried is the most hit by double taxation. IT and GST, not to mention cess and property tax

[@vanacharlasaipavankumar6331]

It's not double taxation you pay tax when you make Income, and you pay taxes when you spend. Thats how every fucking country works for your Information. And government should at least provide Insurance health Insurance for everyone up to 20 Lac per family.

[@prakashth]

@@vanacharlasaipavankumar6331 GST was more targeted towards non-salaried people in our country (landlords, Small business owners) . We salaried people get caught between and have to pay double taxes which is unfair, its not like this is every country. Dubai for example. In other countries, they provide free education and health care. Here they have 18% GST even on family health insurance. We will never send our children to govt schools here for obvious reasons.

[@vanacharlasaipavankumar6331]

@@prakashth Dubai that is a city not a country and also Dubai has natural resources (crude oil) even they are also coming uo with VAT (Value added tax) and also Health Insurance 18% is there which needs to be reclassified to lower tax slab 12%. GST is not non salaried people it is for consumers who ever eats or uses any services will pay taxes. that's how every country works example entire Europe and US and China

[@srikumar9963]

This hasn't included any money removed from the UPI/internet banking as well which goes as much as 1.1% of the money to be invested(i believe) to transfer to broker. so if i want to invest a 1 lakh, i'll have to provide 1k+ to just transfer the money. this doesn't include the GST+ during order placement and also LTCG/STCG for the profit. if i get a profit of 6k+, i'll be transfering 600+(minimum as STCG) as tax. So, if i expect 7% above as profit for a year, i won't even get better than FD. (my understanding)

[@QuickScalper789]

Worst taxation system with zero safety for tax payers

[@pauldavid5269]

Now we know why gobiji won't face the press conference 😂

[@rajasdoshi6655]

Exempt retail investors from STT AND LTCG

[@user-ox8sf5eh3c]

If govt. reduces tax in buying & selling of stocks, there will be a large investment made by youth in stock market. It will be benifit to our middle class families & economy also. But our FM is unable to answer this question.

[@deepakshetty1965]

Government shouldn't become burden to the common people by taxing, double taxing.... It's simply looting. Please don't loot peoples hard earned money, let them enjoy their life.

[@rajagopalanthottuva3807]

Divesting all ailing PSUs will save a lot of public money. PSUs do not make profit but incur losses and government pays the employees in spite of all this. This is people's money. So let us remove the tag government or semi government organisation. Let everything be privatised and you will see a sea change. Babus who do not like hard work will be on the street then.

[@nevillesequeira9911]

But the psu's have rocketed in the recent euphoria 😅

[@vinayvarmanamburi7797]

Bjp Government is sleeping,First Govt need to focus on no tax on loss making trades.Need to be fixed tax on profit making trades(Avoid multiple taxes)

[@srinivas.r3904]

Economic strength of Indians marred by FM spoiled her party .she doesn't win any popular elections 140 par.

[@michelbisson6645]

good idea so destroying stock market, investmrent, growth and pension funds..

[@JJKGKJGJKJGKHJFSY8806]

Goverment can make money from investor...if lose money .make profit

[@alexfrancis3581]

When I asked my economics professor about multi level taxing by the govt her gave a bullshit answer like the FM The system is broken and no one is even talking about the core issue

[@sgbckup]

I think at least the taxing process can be simplified, minimising the level of computations and compliances.

[@rohanroy6032]

In kerala even electricity made from solar is taxed heavily

[@YamahaRX100-ll9up]

People trade using hard earned money but the government only earns. No benefit to the trader. But Corporate tax is reduced year by year especially during election year.

[@muditbehl5737]

She has put the last Nail... Time to revisit the thoughts who we want to win this election. Good it came up before election.

[@sayanmandal1502]

Remove Income Tax for Salaried Employees 😒😒

[@gen-zmultibaggers141]

All profit is for the Govt. That's better than this tax loot.

[@srivathsvaradharajan3558]

I agree on this question its just irritating when 65% of your earnings goes on taxes

[@sunilsiv]

The question raised to FM is certainly relevant, but why is the market going up if it is so bad for all the market participants?😊

[@vivek1202]

One point I would like to mention here that whatever charges retail investors pay for trading the same can be deducted from the profit or loss incurred for a particular financial year while filing income tax returns. Brokerage to brokers. CGST & SGST @ 9% each on brokerage. Stamp duty for buying financial assets. Turnover charges to exchange. Sebi charges to SEBI. And STT & CTT on selling of securities. I think GST and STT must be removed which shall lower the burden to an extent.

[@dr.anandarokiaraj868]

Government is talking nonsense

[@shashisharma4355]

When a FM Says that she has no answer to it, then this means she needed to quit & get out.

[@Happinessseeds]

Same with property. Multiple times taxes applied on same property resale.

[@atanuroy8405]

Middle class service holders are brutally taxed. Rich farmers who earn more than 10 crore a year aren't taxed. You pay taxes without a good infra, govt provided healthcare and education

[@Deepakk12345]

where are farmers earning more than 10 cr a year ? Are they cultivating gold or something ? Are you mistaking middle man as farmers ?

[@jinfin221]

Lower middle class pays most tax via GST.

[@udayakumarmeivelu4736]

In FY 13-14 rich farmers (few lakh in number) filed IT returns showing 14 lakh crores income and paid zero tax.. This​ was one of the reasons behind demonetisation. We donot know their present income. W@@Deepakk12345

[@vkgubba]

More than any other tax, the LTCG on Mutual Funds or Equity is totally unfair. Most of the MFs by small and middle class investors who save for their future requirements like Children Education, Wedding, Old age living and medical help or housing. Now the excemption in a fiscal is just 1 Lakh. If anyone is not needed in the beginning years and need after more than 5, 10, 15 or 20 years, he will need to withdraw large savings and have to pay huge tax when needed. Further, the initaial investment is from a tax paid income. Some method is to devised to accumulate this 1L /annum or raise the exemption or some other metod to lessen the hardship. This is more imptotant as these taxes are introduced by the BJP Govt. only.

[@mandarp9472]

Modi government should remove LTCG on equity & equity mutual funds when we already pay STT.

[@arc6676]

Income tax payers should also start questioning. This is the only community not backed by anyone and paying for the votebanks

[@CollegeYari]

It is TAX terrorism, open dacoit. One pays more tax than earning. Just want to support Modi but it is very unfair, this govt. is taking advantages on People's. MAZBOORI

[@ashrafkhadri2317]

she is moroon the way she laughs which makes it evil too my vote is for congrees

[@brajeshsingh2391]

there is no harm in taxing profits and a transaction. Anyways STT is miniscule. If brokerages want more money they should approach their customers. They take brokerage from customers. And they get double brokerage. Both the buyer and seller pay brokerage. Yet if they want more money they should approach the govt. And anyways look at the profits of brokerage firms. It has risen sharply. Yet if they want more money then approach the client. Not the government. Compliances are part of the business. However I do agree on dividend taxation with Deena ma'am. First company pays tax on profit. Then if they want to distribute the tax there is DDT. Then the recipient of the dividend has to pay tax as per his income slab. This is triple taxation and against principles of taxation that one income should be taxed only once. And govt. should correct this.

[@Bharatbharat-go8dm]

Senior citizens shoud be exempt from tax,i.e those citizens who have paid income tax regularly for 10 to 15 years

[@laokeikonyak8377]

Whatever tax govt is levying let it continue but the tax percentage must be reduced at reasonable %.. GST must also reduce and other slab taxes must also reduce to some percentage. Just my opinion.

[@lalhmaachhuantea5712]

Lots of taxes!!!!.... i am so tired of paying extra unnecessary taxes....

[@masihmohd2230]

We should open a debate in various forums that once salary is being already taxed so why government (both centre and state) again tax in the various forms of indirect tax (GST, stamp duty, tax on purchase of home, car etc). Means those who are giving direct tax also give indirect tax. Double taxation. Can't we think of making policies that those who are being taxed directly, will be given rebate in all future transactions as we all are linked through AADHAR if not all indirect taxes be abolished? Otherwise, each individual could have a GST account and S/he should be given provision to reimburse from govt. I think inflation is due to high taxation by government.

[@rajrana631]

Whoever the government. Tax will keep on increasing. Thats Bharat. Viksit tax ka Bharat!!

[@boystoys7491]

WTF! Even FM doesn't know. Whom are we gonna speak then?

[@learntechbasics]

Question the taxes on petrol & diesel. Ask how the price is constant even though it was mentioned that it will align to international crude prices. 40L crores in taxes has been collected by claiming its needed to pay back oil bonds.. how much of oil bonds were paid till date? 1L crores.

[@vanacharlasaipavankumar6331]

People are worried about that 0.1% tax or capital gain taxes which are far lower effective taxes

[@manishc743]

This conversation was heard by a deaf and unpractical Government.

[@anjaneyaprasadvadlamudi5854]

This set of Ministry now only plans the measures to take the balance profits remaining with the investor leave alone reducing the taxes.

[@pritamm2010]

Income tax bracket of 5 lakh has not increased for last 10 years where as the value of the money has decreased at least by 50%... 5 Lakh of 2024 is equivalent to at max 2.5 Lakh of 2014, so low wage earners are requiring to pay income tax. Now govt brought a nex tax regime where investment cant be declared which means govt wants people to spend their money rather than saving for old age...

[@Mahi9tube]

Government want taxes only. How the Entrepreneur making by putting their hard work and after doing and going through ups and downs their comes the government with snatching big of profits to say 30% and more indirectly bribery so much. Solution is to move another safer country like Dubai.

[@gauravvvvv]

Profit or loss, every trader has to pay these charges on every trade: 1. GST 2. STT 3. Stamp Duty 4. SEBI Charges 5. Exchange Fees 6. DP charges 7. Income Tax In the end, if you end up with some money and wish to spend it somewhere, the government is right there once again to collect GST on your other purchases. Sounds fair?

[@VishalSingh-dv2vg]

Now days Investors,Traders doesn't not have Fear of Ups and down of Market.They Have fear of Heavy Taxes of Market and Brokers. #SEBI #NSE #BSE #Trading #Inveting

[@srinivasmankala8412]

True but debatable. Again with everything it is the same. Car companies also pay much more tax than thheir profits. As well.

[@nooruddinraotiwala353]

kare to kare kya,kahe to kahe kya ,jiye to jiye kya ?😪

[@sriram233]

Demat account maintenance charges

[@gowrishankarkn6499]

$5 Trillion eonomy. For whom? The Government? Surely not a boon for the retail investor. But why SEBI Cess? This organisation does not even exist. SEBI (Society for Executives of Bureaucratic India).

[@Arun14741]

This not even a qstn .. we give so much taxes in stock market earning there is equity tax of 10% and 15% we gave tax on f&o as per income we gave tax as STT, GST and stamp duty so many taxes in just one share buying and selling

[@aum8136]

Government should also lend principal amount to invest if they demand so many taxes

[@gauravsrivastava0710]

a phenomenal question with no answer .unless we start asking right questions and ask for right things no matter what government comes , there agenda will always be limited to vote bank politics free rationing subsidies and other things which are only possible because of we the tax payers and we in turn are not getting what we deserve. So it is what we deserve. A middle class should also do anshans and protest in order to be even heard of his problems tax being the priority one . Its been more than 10 years since there is a reform in income tax .

[@ranitdey6355]

The biggest achievement of this ruling party is that, they have chosen most of the illiterate ministers in India who do not know anything about their work hence when they are being asked actual questions they cant answer, please chose educated people 🙏

[@vickyverma6852]

Either abolish income tax or Capital gains tax.

[@PrabhakaranThekkummuri-zm1xp]

Can she keep this smile in future politics also

[@haragopal1404]

It looks so many taxes, but in reality we are paying GST of 18% on brokerage, Exchange transaction charges of 12% on brokerage is going to Exanges as they are providing platforms for traders in case any technical problems arise from the broker platform, STT is .01% and SEBI turnover fee is .0001% to run this government body and stamp duty .002% going to state governments, But 15 years back what ever the brokerage we paid was drastically came down to 10th fold, so earlier we suppose to pay a brokerage of ₹100 and charges are ₹ 60 and now we are paying a brokerage of ₹10 and charges ₹ 4.95. ( charges reduced by 11% compare to pre GST) Stamp duty on property registration is a state government subject, and even state government has their own policy to levy taxes on liquor and petrol & diesal. Let's this government get 2/3 majority then definitely they bring liquor and petrol under GST. Collection of direct and indirect taxes to GDP in India is 18.3% where as USA it's 27.7%.

[@matthachireth4976]

Investment could be the backbon for national India. It must be balanced out.

[@naveenbadhwar7790]

Itna gazab magic tax structure india mein prepare kar diya hai log kahte hai ki keval kam kamane wala ya dissent income wala hi safe rhega acchi bat hai ki log ese samajh kar planning kre🎉 magic tax gol gol ghum raha hai, for market i suggest only invest through DII cant take retailer kab kha konsa kitana tax pay kar doge aur kab notice aa jayega aap samajh bhi nhi paoge market tax reform need for new India mutual fund esliye hi shi hai❤

[@theblueplanet3576]

I agree tax reforms needed. But its same in western countries as well. One thing to note though is we dont get the same benefits 🤷‍♂️ But we are only asking for reforms, but as some conments suggests change of government is only solution. Foolish thought we know what opposition is capable of 😂

[@vidyasagarbuddha5179]

Govt should spend for freebies with middle class tax 😢😢😢

[@melvin6432]

Everybody must pay tax. These taxes are very, very nominal. When we pay tax, the government carries out development work. We must be happy and proud, be proud INDIANS From Thoothukudi Tamil Nadu INDIA ❤️ 🇮🇳.

[@rocky00121]

😢 kidhar se aate hai ye lokh, Did anyone said not paying taxes.. Dibba first understand the agenda

[@steamerSama]

This is unacceptable and completely unnecessary. FM, you should answer

[@muditbehl5737]

This is what happens when you appointment a lady with Arts background as Finance Minister.

[@Sri_Krish_7800]

You dont even get tax back the 18% gst that we pay for lufe insurance and term insurance

[@mrunalsaukar9521]

Please remove STT altogether, atleast for equity trading.

[@MrRkicps]

This discussion is futile we all make a memo to finance ministry where addressing the taxes charges should be streamlined with so many brokers coming up and many more innocent customers are ever increasing This subject is serious and should be addressed

[@binga360]

Jab raja vyaapari tou janta bhikaari😂

[@ducklinasmart6822]

Earning from daily trades: rs100. Brokerage fees: rs -65 Remaining amount: rs 35 Govt. Tax : rs -50 Total income: rs -15. 😂😂😂😂😂

[@santanodcosta3360]

SITARAMAN has made a mess of Indian economy and the investors are running away from the country to tax free havens. This will hit the country. In my opinion all direct personal taxes must be abolished as the country has enough funds to run the economy from the GST which is collected.

[@udayasrinu]

Why Salaried people have multiple taxes ??

[@DigitalSashtra]

GOOD Points!