According to sources, the BSE has made a presentation to the Union finance ministry that LTCG exemptions cause huge revenue loss to the government and also lead to market manipulation. LTCG is tax-exempt on the sale of listed securities, since 2005. This had made India one of the most liberal markets in this regard, the BSE said in a presentation last Friday.
LTCG are profits on sale of shares on a stock exchange platform after a holding period of at least a year. Short-term capital gains (STCG) are profits on sale of shares held for less than 12 months; these are taxed at a flat 15 per cent.
Read more at http://www.business-standard.com/article/markets/remove-long-term-capital-gains-tax-exemption-bse-117113001136_1.html
My view: I support this... you will anyway be paying taxes from your profits.
LTCG are profits on sale of shares on a stock exchange platform after a holding period of at least a year. Short-term capital gains (STCG) are profits on sale of shares held for less than 12 months; these are taxed at a flat 15 per cent.
Read more at http://www.business-standard.com/article/markets/remove-long-term-capital-gains-tax-exemption-bse-117113001136_1.html
My view: I support this... you will anyway be paying taxes from your profits.
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