This will be even more disastrous. Retail Traders are not afraid of losses, you think they will think even once about the taxes 
Jokes apart, I don’t think this will happen. Retail Traders are a very small part of the market. Most of the heavy options trading is done by HNIs and Ultra-HNIs. It would be stupid to hurt their sentiments. And don’t forget, government gains the most from this trading. Government earns close to 40,000cr annually from STT and the GST charged on it.
Personally, I get this feeling, from now on, before every budget we will get to hear such rumors. It is equivalent to the dream of Middle – class ” Yeh budget mai shayad taxes kam honge.” I know for sure, a tax on FnO would hurt the rich and ultra rich, even more than Retail traders. Paying a 30% tax on a 1000rs of extra income monthly, is actually not a bad deal.
But lets see what happens. I just hope they don’t take such drastic steps. Education is much more effective than mere Restrictions. This will just mean tis, Rich can have an option to get even richer because they have money to loose. And for someone who is really good at trading has no option but to give 30% as tax, just because he or she is a Retail Trader.
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