The broker said that the government earns a lot through GST, IGST, Stamp Duty, Securities Transaction Tax (STT)!

The broker said that the government earns a lot through GST, IGST, Stamp Duty, Securities Transaction Tax (STT), and Long Term Capital Gains (LTCG) tax. Describing the government as a sleeping partner as part of the benefits, the broker also raised questions on the amount of tax paid on home purchases.

Nirmala Sitharaman in BSE Programme: Union Finance Minister Nirmala Sitharaman had to face a tricky question during a BSE program on Wednesday. During the program, the stock broker expressed concern to the Finance Minister regarding the taxes imposed on the share market and real estate transactions. This question was humorously avoided by the Finance Minister. After this, he faced criticism on social media. Users are not saying that the response given by Finance Minister Nirmala Sitharaman is correct.

The question raised on the tax amount

While questioning the broker, he called the government a 'sleeping partner' and said that I am investing, I take risks and the government is taking more benefits from my investment than me. The broker said that the government earns a lot through GST, IGST, Stamp Duty, Securities Transaction Tax (STT), and Long Term Capital Gains (LTCG) tax. Describing the government as a sleeping partner as part of the benefits, the broker also raised questions on the amount of tax to be paid on the purchase of a house.

Cash condition removed from home purchase.

The broker said that the government earns from home buyers in the form of stamp duty and GST. The questioner said the government has removed the condition of cash from buying a house. At present, it is very difficult to buy a house in Mumbai because I am paying taxes and I have white money...Now we have to pay for everything through cheques. Therefore, there is my bank balance, which I have left after paying taxes to the government. If I am going to buy a house again, I will have to pay 11 percent stamp duty and GST. He asked how the Finance Minister would help someone with limited resources to buy a house.

The Finance Minister gave a humorous answer

to these questions raised by the broker. At first, the Finance Minister did not give any answer, but when he was asked to react to this, Finance Minister Nirmala Sitharaman said humorously. - A sleeping partner cannot answer sitting here. This reaction video given by him went viral on social media. People are criticizing the response given by the Finance Minister. X users were expecting some serious answer from the Finance Minister.

He believes that the increase in taxes on stock market transactions and the real estate market has affected investors and home buyers. During the BSE program itself, the Finance Minister had appealed to work together with the stock market and SEBI.