Govt raises tax on stock options to dampen retail frenzy

India's government has increased transaction taxes on certain equity derivative products to curb retail investor activity in such instruments. The Finance Bill amendments will levy a 0.0625% tax on selling an option on a security, up from 0.05%, while tax on sale of a futures contract will jump to 0.125% from 0.01%. https://ift.tt/4D38QUO