Govt/finance ministry may act with better sense by making only gains on the equity shares and mutual funds held lessthan 3 years wld be taxed and if held for more than 3 years tax is to be paid if gain is more than 5 lakhs.This wwould be mutually acceptable to Govt as well as investors,and at the sometime encourages investors to desist from short term/day trading/speculation .This is very good for expansion/development of companies and inculcate saving habit /descipline.
Re: Long term capital gain tax must be removed
by anuradha on Feb 15, 2018 02:47 PM
Longterm tax should be applied for those equity shares/mutual funds held for less than 3 years which is very logical and acceptable to all and govt not loosing any thing but encouraging saving descipline and to desist from speculation by intra day operators.Also govt wld receive accolades for this wise intelligent amendment making it popular erasing its damage due to demonetisation
