February 07, 2018

RBI Governor For LTCG Tax Removal ??

please click

https://economictimes.indiatimes.com/markets/stocks/news/did-rbi-guv-urjit-patel-just-inadvertently-make-case-for-removal-of-ltcg-tax/articleshow/62821646.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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blog comments

Imposition of LTCG on shares would mean more Book Keeping and avoidable expenditure on the services of C A s and Income Tax advisors and Inspector Raj of the Deptt which is very Corruption prone. In case of any omission , even if inadvertent by the Investor ,it would means , in the eyes of the Govt,criminalisation of the Investors '''' hard earned savings and investment. STT was started in lieu of LTCG and not to complement.

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