Vikas Gupta

Finance Professional with over 20 years of experience

[Vikas Gupta @vikasgupta1]

@BabajiSutar3 Gautam Gambhir

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@BillyBowden07 Virat kohli and ishan sharma

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@Jvm_Manoj Great batch

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@SagarH62 Bob willis

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@Sanjeeb2412 Macculum

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@CrickeTendulkar Robin singh

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@Imrxn_45 Kapil dev

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@Bhanu_R780 Ravi Shastry

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@TweetShivangiii Surender Amarnath

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@Vijay456V60026 Botham and Whitney

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@cricketplusmem_ @grok Robin smith

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@Khanmohammed12 Jeff Dujon and viv richards

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@SagarH62 Ian botham

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@SagarH62 Kim Hughes’s

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@Vijay456V60026 Aag ka gola salil ankola

[Vikas Gupta @vikasgupta1]

@Jvm_Manoj Graham dilly

[Vikas Gupta @vikasgupta1]

My free Wheeling discussion with Geetu Moza of Dainik Jagran https://t.co/E1RB6oYbNN

[Fundamental Investor ™ 🇮🇳 @FI_InvestIndia]

Expecting some changes in Capital Gains on Equity 😀😀

Our proposal:

- STCG at 15%
- LTCG at 10% (1-2 years)
- LTCG at ZERO (above 2 years)
- Include Capital Gains up to 12 Lakh in Rebate 87A (so that retired people who depend on capital gains benefit)

We need more people to amplify and show that we need these reforms 🔥 @nsitharaman ji

On behalf of honest tax payers,
#FI

[Vikas Gupta @vikasgupta1]

Great insight Samir as always

[Samir Arora @Iamsamirarora]

That makes little sense.

Simply because when you buy debt/FD and report an interest income (and therefore pay tax on it) another party reports the same amount as interest cost (and therefore saves tax). So govt does not benefit much in aggregate on tax collection.

Futures trading is like above where someone reports a profit and there is more or less an equal amount of loss with some other participant- therefore tax rate can be high for the one who makes profit (and it already is) since the losing side is going to get tax benefit for the same amount.

In case of long term equity what you exchange is post tax income of the company or dividend stream which is anyway taxed separately. One investor making big capital gains is not normally accompanied by another fellow claiming an equal loss (the sellers may have had an opportunity loss but not a claimable tax loss).

In summary: Govts worldwide collect a lot more on cash equity gains than what you see at first glance as there is no other side claiming a loss (and therefore a tax offset) to counter your profit.

Also capital gains tax cannot be compared with tax on interest income by conveniently leaving out STT.

[Samir Arora @Iamsamirarora]

That makes little sense.

Simply because when you buy debt/FD and report an interest income (and therefore pay tax on it) another party reports the same amount as interest cost (and therefore saves tax). So govt does not benefit much in aggregate on tax collection.

Futures trading is like above where someone reports a profit and there is more or less an equal amount of loss with some other participant- therefore tax rate can be high for the one who makes profit (and it already is) since the losing side is going to get tax benefit for the same amount.

In case of long term equity what you exchange is post tax income of the company or dividend stream which is anyway taxed separately. One investor making big capital gains is not normally accompanied by another fellow claiming an equal loss (the sellers may have had an opportunity loss but not a claimable tax loss).

In summary: Govts worldwide collect a lot more on cash equity gains than what you see at first glance as there is no other side claiming a loss (and therefore a tax offset) to counter your profit.

Also capital gains tax cannot be compared with tax on interest income by conveniently leaving out STT.