Discussion Board

Likely: Tax on long-term capital gains on shares

Total 8 messages Pages | 1
niran patet
 hair brained suggestion
by niran patet on Jan 17, 2018 07:45 PM

such suggestions should not be aired so lightly. first govt must see that it makes every person pay his tax. second it must get back all NPAs refunded and if necessary all those bank managers who gave such unsecured loans time and again even on same asset repeatedly should be made to make up such NPA losses. govt must first ensure full tax compliance before going for further taxation. experts like TN Minan have no business to aid profilgacy of govt and banks and make poor people pay.

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Srinivas
 What about agricultural income ?
by Srinivas on Jan 17, 2018 06:58 PM  | Hide replies

When will rich farmers get taxed ?

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NG Nileshwar
 Re: What about agricultural income ?
by NG Nileshwar on Jan 18, 2018 08:43 AM
NEVER. After all, every party wants to win elections. These parties would not venture to tax this sector. In fact, they could add more subsidies to get more votes.
If Modi shows guts, he should tax the rich farmers even marginally, say 0.5% of the agricultural income, for a begining.
He should not tax the citizens already taxed.

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Chaitanya
 Unfair to tax Long Term CG, without even a Short Term notice
by Chaitanya on Jan 17, 2018 02:00 PM


If Long Term Cap Gains tax is introduced, the people who will be affected are the people who have invested with a long-term plan in mind.

Which means, they will most likely not be ready with a short-term exit plan to exit their investments.

So, to be fair, govt can introduce a tax on such investments ONLY WITH FAIR NOTICE -- for example, by exempting the investments already made.

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Chaitanya
 Unfair to Long Term CG, without even a Short Term notice
by Chaitanya on Jan 17, 2018 01:59 PM


If Long Term Cap Gains tax is introduced, the people who will be affected are the people who have invested with a long-term plan in mind.

Which means, they will most likely not be ready with a short-term exit plan to exit their investments.

So, to be fair, govt can introduce a tax on such investments ONLY WITH FAIR NOTICE -- for example, by exempting the investments already made.

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Chaitanya
 Unfair to tax LTCG without fair notice
by Chaitanya on Jan 17, 2018 01:57 PM


If Long Term Cap Gains tax is introduced, the people who will be affected are the people who have invested with a long-term plan in mind.

Which means, they will most likely not be ready with a short-term exit plan to exit their investments.

So, to be fair, govt can introduce a tax on such investments ONLY WITH FAIR NOTICE -- for example, by exempting the investments already made.

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