Failed Economic advisors of Modi may impose long term capital gain tax to Destroy Economy?

The most happiest "fund manager" in India is porinju, because LTCG Tax was his demand

 

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Taxing LTCG is not a wrong move, however taxing it at 10% is definitely a wrong move....Why would any1 hold any stock for more than a yr if the difference between ST and LT is just 5 %. It makes no sense. This encourages traders and will increase volatility in the market. Instead they should have come out with a better structure for LTCG rather than a blanket 10% tax. They could have increased the LTCG holding period to 3 years...or removed STT...or could have introduced income based taxation for LTCG.

What worries me about BJP is not their INTENT but their basic sense of IMPLEMENTATION & EXECUTION. The same problems with demonitization and GST....and they keep repeating their mistakes. I hope they take corrective measures soon else they will end up having alliances with rubbish parties in 2019 and have a lesses mandate and power in the next term.

 

Well said.

 

With due respect to mr.kharb, I would like to say that this plateform is not for political discussions.We would like to be benefitted with skill & experience. Thanks.