Primus Reports
Budget 2024: Long-Term Capital Gains Tax Hiked To 12.5%, Short-Term To 20%; Experts Highlight Stock Market Impact
23-Jul-2024
Shravan Shetty, Managing Director,Primus Partners, share his views on the concern over the potential negative impact of increasing long-term capital gains taxes. He acknowledged the intent behind the move to curb market euphoria but emphasized that the proposed 25% increase to 12.5% could redirect investments towards unproductive assets such as gold and real estate. He emphasized the importance of capital markets for India's economic growth and believed that such a measure might hinder the progress made in expanding market participation in recent years. Read Now!
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