Some market participants have also suggested that income from F&O trading should be classified as speculative income and taxed at a higher rate.
An increase in STT may reduce market volumes and depth, potentially impacting the revenues of exchanges and the Securities and Exchange Board of India (Sebi).
Currently, STT on futures is levied at 0.0125 per cent on the sell side, while on the options side, STT of 0.125 per cent is charged on the intrinsic value of options that are bought and exercised.
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