Equity investors are urging the government to reduce the Long-Term Capital Gains (LTCG) tax and Securities Transaction Tax (STT) ahead of the Union Budget 2026. Investors note that higher taxes on capital gains and transaction costs are impacting investment returns. The relevance of STT, introduced in 2004, is being questioned as modern reporting tools have diminished its original purpose. Brokerages suggest increased tax burdens make market-linked products less appealing.