Indian equity investors pay taxes thrice—here’s why this should change
For a ₹1 lakh purchase and subsequent sale at the same price, the principal transaction taxes amount to about ₹500 in the UK, ₹215 in India, ₹50 in China, ₹2 in the US, and zero in Japan. The contrast is striking: India taxes both the purchase and sale of delivery-based shares, while most of these markets tax only one side or neither.
