Long term capital gains on Shares should continue to be exempt even in the Direct tax code which is going to be implimented from 1-4-11.This will help in better channelisation of savings into growth. At present India with a population of more than 120crore, only about 2% are in the Capital market. Effort should be made to increase this to 5% in coming years.
K H Matta
Equity Analyst
No comments:
Post a Comment