Friend, here it is:
http://economictimes.indiatimes.com/personal-finance/tax-savers/tax-news/DTC-may-boost-investment-flow-into-capital-markets-Analysts/articleshow/6462205.cms
We should hold our horses till the final bill becomes law. Going by the record of the past two decades, Indian governments tend to favour capital accumulation more than labour.
Kudos on accurate prediction of nil ltcg tax.STCG tax at 50% of IT rates also in same direction as is nil tax on dividends .
Does anyone know if clarity is emerged on ITO discretion on treating stcg as business income for individuals ? Hope equity is still not to be counted for wealth tax .
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on accurate prediction of nil ltcg tax.STCG tax at 50% of IT rates also in same direction as is nil tax on dividends .
