Thu, Jul 25, 2024
Domestic equity investors are disappointed with the change in LTCG (long-term capital gains) in the Union Budget, which has been raised to 12.5 percent from 10 percent, with immediate effect. This is in addition to the increase in short-term capital gains tax to 20 percent from 15 percent and the sharp increase in STT on futures and options trades, raising fears that equity investments would be further disincentivized going forward.
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