Stock market and taxes: Why Nithin Kamath is leaning towards lower STT ahead of Budget 2026
- Posted on January 30, 2026
- By Business News Today
- 2 Views
Stock market and taxes: Why Nithin Kamath is leaning towards lower STT ahead of Budget 2026
Nithin Kamath warns higher derivatives STT hurt trading and revenues. He says post-2024 tax hikes reduced volumes as markets cooled, causing STT collections to trail estimates, suggesting sharply higher transaction costs can be counterproductive for market participation and government receipts.
