Akshata Sharma
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Zerodha co-founder Nithin Kamath, in a recent post on X (formerly Twitter), said the tax hikes on futures and options (F&O) trading and capital gains might "cool down the activity in the markets."
"STT on options goes up from 0.062% to 0.1%. STT on futures goes up from 0.0125% to 0.02% from October 1st. We collected about Rs 1500 crores of STT last year, Zerodha. If the volumes don't drop, this will increase to about Rs 2500 crores at the new rates," he said.
"If the idea was to cool down the activity in the markets, this might just do the trick," he added.
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