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Rationalisation of long term capital gains proposed

Budget - Dated:- 1-2-2018 - Revenue gain of about ₹ 20,000 crores expected in the first year The Union Finance and Corporate Affairs Minister Shri Arun Jaitley today proposed to tax long term capital gains exceeding ₹ 1 lakh at the rate o .....

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al for economic growth, Shri Jaitley proposed only a modest change in the present regime. The Finance Minister also proposed to introduce a tax on distributed income by equity oriented mutual fund at the rate of 10% to provide level playing field acr .....

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uent years may be more. The Finance Minister Shri Jaitley added that currently, Long Term Capital Gains arising from transfer of listed equity shares, units of equity oriented fund and unit of a business trust are exempt from tax. With the reforms in .....

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