@SanataniHinduBD Pandit Nehru, and his clan, is solely responsible for the ethnic cleansing that has happened since 1947 in Pakistan & Bangladesh.
Ironically, he was also the founder of re-Islamization (read secularism) in Bharat after its division on religious lines.
Word.💔
Moreover, STT was brought in lieu of LTCG. Now we not just pay STT for each buy & sell, but pay ever-increasing, arbitrary rates of LTCG each passing year!
This for risking our hard-earned capital and driving investments through transparent transactions. Bcoz we are the lot that doesn't hoard dubious cash/gold?
#ltcg @FinMinIndia
Respected @nsitharaman ji and @FinMinIndia ,
Suggestion 1 of 3 for strengthening India's capital markets:
Long-term capital gains tax on listed equities should be abolished.
A long-term shareholder is not a speculator but a provider of patient risk capital. By investing in and holding businesses, investors help companies expand, create jobs, innovate and contribute to India's economic growth.
India requires enormous amounts of long-term capital to build world class enterprises, infrastructure and global champions. Tax policy should encourage households to move savings from passive assets, including imported stores of value such as gold, into productive businesses that create jobs, generate tax revenues and build national wealth.
The appreciation in a company's value is not created in isolation. During its growth journey, the government already collects corporate tax, GST, income tax from employees, customs duties, stamp duties and numerous other levies. Long-term capital gains are often the final outcome of economic activity that has already generated substantial tax revenues.
Most importantly, tax policy should clearly distinguish between investment and speculation. A long term shareholder is a partner in wealth creation, not merely a participant in market transactions. Tax policy should reward long-term ownership of productive businesses and distinguish it from short-term speculation.
India needs more patient capital, more entrepreneurship and more long term investing. Abolishing long-term capital gains tax on listed equities would be a powerful step in that direction.
Respectfully submitted.
@sidhant Indians certainly hope this racist, anarchist, condescending, supremacist, sub-100 IQ, pig of a regime feels the heat in India! 🔥
Both Rubio and Gor are like these baby-faced idiots who never grew up! They perfectly gel with that TRT-driven Orangutan leader of theirs.
@sidhant Indians certainly hope this racist, anarchist, condescending, supremacist, sub-100 IQ, pig of a regime feels the heat in India! 🔥
Both Rubio and Gor are like these baby-faced idiots who never grew up! They perfectly gel with that TRT-driven Orangutan leader of theirs.
@sidhant Indians certainly hope this racist, anarchist, condescending, supremacist, sub-100 IQ, pig of a regime feels the heat in India! 🔥
Both Rubio and Gor are like these baby-faced idiots who never grew up! They perfectly gel with that TRT-driven Orangutan leader of theirs.
@sidhant Indians certainly hope this racist, anarchist, condescending, supremacist, sub-100 IQ, pig of a regime feels the heat in India! 🔥
Both Rubio and Gor are like these baby-faced idiots who never grew up! They perfectly gel with that TRT-driven Orangutan leader of theirs.
@sidhant Indians certainly hope this racist, anarchist, condescending, supremacist, sub-100 IQ, pig of a regime feels the heat in India! 🔥
Both Rubio and Gor are like these baby-faced idiots who never grew up! They perfectly gel with that TRT-driven Orangutan leader of theirs.
@sidhant Indians certainly hope this racist, anarchist, condescending, supremacist, sub-100 IQ, pig of a regime feels the heat in India! 🔥
Both Rubio and Gor are like these baby-faced idiots who never grew up! They perfectly gel with that TRT-driven Orangutan leader of theirs.
@sidhant Indians certainly hope this racist, anarchist, condescending, supremacist, sub-100 IQ, pig of a regime feels the heat in India! 🔥
Both Rubio and Gor are like these baby-faced idiots who never grew up! They perfectly gel with that TRT-driven Orangutan leader of theirs.
@sidhant Indians certainly hope this racist, anarchist, condescending, supremacist, sub-100 IQ, pig of a regime feels the heat in India! 🔥
Both Rubio and Gor are like these baby-faced idiots who never grew up! They perfectly gel with that TRT-driven Orangutan leader of theirs.
#WATCH | Mumbai, Maharashtra: On PM's appeal to save fuel, Actor Jackie Shroff says, "... Use less fuel. The world has gone bankrupt. Petrol and fuel are available in India..." (22.05)