India proposes tax hike on equity derivatives trading
pre-market1 source ↓written by the desknot a recommendation
- equity futures
- 0.05%
- 0.02%
- would rise
- 50%
- 20%
- in additional annual
- ₹150 billion
India's government proposed increasing taxes on equity derivatives, raising the tax on equity futures to 0.05% from 0.02%. Taxes on options premiums and exercises would rise by 50% and 20%, respectively, targeting ₹150 billion in additional annual revenue. This move aims to curb speculative trading in the options market, potentially reshaping the economics for high-frequency traders.
Not investment advice. For informational purposes only.