December 25, 2016

PM Narendra Modi hints at long term capital gains tax in budget

This will be a good move for the economy. There is no reason why long term investors should not be taxed for their profits. FIIs should be indifferent to this.

In fact, the differentiation between short term and long term trading/ investment should be completely done away with.

This will also reduce tax evasion using the penny stocks route.

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