If the past practices of Chidambaram and the Congress, who have gleefully "invented" ways and means to burden the country with "innovative" taxes, are any indications, it is very likely that a whole stream of new taxes will be introduced. After all, the government has very little money after paying themselves minimal salaries and maximal benefits and their (i.e the protagonists and their organisations - in that order) survival becomes most important.
Mr. Chidambaram is known to bring newer and un-heard type of taxes like cash withdrawl tax, fringe benefit tax etc. This time CTT. And one more thing; this time shareholding as on 31st March will be made a part of Wealth under Wealth Tax Act and will attract a tax of aboiut .05% on the holding on 31st March every year. If done mkt will soon touch 5200 level with in 2 or 3 days.
I personally feel that commodity exchange has destroyed big section of physical trade. Forex crisis due to commodity exchanges. So many people have lost their life and fortune due to this suicidal trade. Ctt and other restrictions must be imposed so it remain to benefit
Now that`s really disgusting , Government trying to put and add taxes on all possible thing . It should better try not being lame..... Because until they will not change personally country will not develop by implementing heavy taxes