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Budget 2017: Short-term capital gains tax rate may go up


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chanakya maurya
It needs to be abolished altogether.
by chanakya maurya on Dec 27, 2016 11:37 PM

Long or short.

It would be a much more better deal to abolish both and introduce a little higher transaction tax.

Whether one makes or loses the government chest will receive revenue.

No iota of any kind of relief for making a loss.

North will do well to work on the arithmetic and save a lot of man hours and ambiguous litigations.

The arithmetic must come up with a reasonable percentile increase in the transaction tax.



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