holiday scheme for stps and eous leaving little ray of hope for the next year infrastructure sector is also disappointed as the tax holiday under section 80ia is not widened further sunset clause has also been introduced for tax holiday availed by mineral oil industry the stock markets reacted negatively when fm declared a hike in short term capital gains tax rate from 10 to 15 while the announcement of stt being allowed as deduction from taxable income gave a positive impression the mood dampened with the realisation that it is a trade off against stt rebate from tax payable a parallel commodities transaction tax ctt is introduced to encompass transactions at the commodities exchanges the banking cash transaction tax introduced against the wishes of the people in 2005 is finally withdrawn debt market in india is not as popular as the stock market measures have been taken to promote the debt market with the expansion of the corporate bonds market as a step in this direction tds on interest on listed corporate bonds is removed use of foreign currency exchange bonds is also being encouraged by exempting the capital gains at time of exchange of bonds with shares with more emphasis on tax compliance procedures and sophistication the fm claims to be adopting no fear or favour policy for tax reforms but the aam aadmi is still awaiting the promise of simplification of tax compliance to be fulfilled similarly corporates demand of a stable tax regime would remain as unfinished agenda