Budget 2026 Direct Tax Shake-Up: STT Hike, Buyback Reforms & Big Relief on TCS | EY’s Sameer Gupta скачать в хорошем качестве

Budget 2026 Direct Tax Shake-Up: STT Hike, Buyback Reforms & Big Relief on TCS | EY’s Sameer Gupta

In this in-depth conversation, we decode the key Direct Tax announcements of Budget 2026 with Sameer Gupta, National Tax Leader, EY India, focusing on what has changed, why it matters, and who stands to gain or lose. From higher Securities Transaction Tax (STT) on derivatives to a major overhaul of buyback taxation, from sharp TCS rate reductions under the Liberalised Remittance Scheme (LRS) to long-term tax holidays for cloud services and data centres, the Budget signals a clear attempt to balance revenue mobilisation with ease of doing business and global competitiveness. We begin with one of the most market-sensitive announcements — the increase in Securities Transaction Tax (STT). Futures STT has been raised from 0.02% to 0.05%, while options have seen a dual increase: the STT on option premium moves from 0.1% to 0.15%, and on option exercise from 0.125% to 0.15%. Sameer Gupta explains that while the absolute numbers may appear small, the cumulative impact on high-frequency traders, proprietary desks, and active retail derivative participants could be meaningful. The move is seen as a signal to temper excessive speculative activity in derivatives markets, even as cash market participants remain largely unaffected. The discussion also touches upon whether this could shift volumes offshore or push traders to explore alternative instruments. #Budget2026 #STTHike #FuturesAndOptions #MarketOutlook #CapexPush #IndianEconomy #Infrastructure #ManufacturingIndia #DefenceSector #RBI #InvestmentStrategy #IndiaGrowthStory Moneycontrol is India’s leading financial portal, offering market news, expert analysis, and powerful tools. A part of Network18, moneycontrol.com is India’s most trusted destination for financial and business news. #live #livenews #latestnews #topnews #moneycontrol #moneycontrollive #businessnews #businessnewslive #stockmarket #stockmarket #sharemarketnews #stockmarketliveupdates Subscribe: https://bit.ly/moneycontrolyoutube Follow us: Visit https://www.moneycontrol.com/ Facebook: /moneycontrol Twitter: /moneycontrolcom Instagram: /moneycontrolcom