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An analysis by Economic Laws Practice
India has raised the transaction tax on certain equity derivative products, a move that may help reign in the frenzied activity in such instruments from retail investors. Selling an option on a security will attract a tax of 0.0625% from April 1, compared with 0.05% previously.
In this Bloomberg article, Rahul Charkha, partner at our Indian firm Economic Laws Practice, discusses the impact of this tax raise.
Read more here.
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