Letters to the Editor dated July 12, 2026 - The HinduBusinessLineSENSEX 78,079.96+ 113.61NIFTY 24,395.85 -40.10CRUDEOIL 7,722.00 -206.00GOLD 154,175.00 -707.00SILVER 236,472.00 -1,363.00SENSEX 78,079.96+ 113.61NIFTY 24,395.85 -40.10NIFTY 24,395.85 -40.10CRUDEOIL 7,722.00 -206.00CRUDEOIL 7,722.00 -206.00GOLD 154,175.00 -707.00'; } document.getElementById("lgdv").innerHTML = htmlElements; } function numberformat(i) { return Number(parseFloat(i).toFixed(2)).toLocaleString('en', { minimumFractionDigits: 2 }) } async function gatherResponse(response) { const { headers } = response; const contentType = headers.get('content-type') || ''; if (contentType.includes('application/json')) { return await response.json() } return response.text(); } function getWidth() { if (Math.max(document.body.scrollWidth,document.documentElement.scrollWidth,document.body.offsetWidth,document.documentElement.offsetWidth,document.documentElement.clientWidth) > 991) { document.getElementById("mob").style.display = "none"; document.getElementById("lgdv").style.display = "block"; } else { document.getElementById("mob").style.display = "block"; document.getElementById("lgdv").style.display = "none"; } } getWidth();//]]>Updated - August 13, 2026 at 07:20 PM.Taxing mattersApropos ‘Complex tax structure’ (August 12). The new Bill aims to simplify taxation for REITs and InvITs by making dividends tax-free, but a hidden cost remains.Shifting to the new tax regime forces these trusts to pay a steep 25 per cent surcharge on corporate tax, up from 10 per cent. While high-net-worth investors may save money, this trade-off creates confusion and extra costs for the companies themselves.True simplification requires a clean, straightforward system, not a messy exchange of one tax burden for another. The government should adjust the surcharge so it does not cancel out the intended benefit. Without a truly balanced approach, these popular investment tools may struggle to attract the widespread retail participation they deserve.K Chidanand KumarBengaluruLight touch regulationWith reference to ‘Harness the power of finfluencers’ (August 12), the growing interest of Gen Z and millennial investors guided by the market influencers, either directly or through chatbots for investment advice, is noteworthy.The advisory nuances emanated earlier, from the unsolicited and unauthorised agencies, through freely accessible social media platforms, have been set right, through frequent regulatory interference.However, the absence of established code of conduct covering the disclosures on conflicts of interest and suspected nexus of finfluencers with brokers and promoters, still remain a loophole in the ecosystem, causing collateral damage to the market.The AI supported “Project Sudarshan” tool by the regulator should aim to coordinate with all the other financial regulators and streamline the transactional transparency, for the benefit of both the influencer and young investor community, through light touch regulations.Sitaram PopuriBengaluruYoung investorsThis refers to the article ‘Harness the power of finfluencers’ (August 12). The data shared on the increasing use of social media influencing investment decisions of young investors (Gen Z and Millennial) is an eye opener.The fact that the investing habit has large penetration in this group makes regulation of finfluencers critical.The article rightly calls for assimilation of these finfluencers into SEBI’s framework of investor protection so that the influencers with integrity and knowledge remain to provide appropriate advice to the young investors. This is an evolving space and will need close attention and intervention as appropriate.Pradip MenonKochiPublished on August 12, 2026Sign into Unlock benefits!Access 10 free stories per monthAccess to comment on every storySign up/Manage to our newslettersGet notified by email for early preview to new features, discounts & offers${ ind + 1 } ${ device }Last active - ${ la }