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Jan 09, 2018 03:05 PM IST | Source: CNBC-TV18

Union Budget 2018: Will LTCG on equities return in Budget?

The case for re-introduction for tax on long-term capital gains (LTCG) has come up again in the run-up to Budget 2018. In an interview with CNBC-TV18, Deven Choksey of KRChoksey and Girish Vanvari, Head of Tax, KPMG India discussed the issue.

CNBC TV18 @moneycontrolcom

The case for re-introduction for tax on long-term capital gains (LTCG) has come up again in the run-up to Budget 2018. In an interview with CNBC-TV18, Deven Choksey of KRChoksey and Girish Vanvari, Head of Tax at KPMG India discussed the issue.

If LTCG tax came back, there will be a deterrent to the stock market, so some derating can happen and that can set us back, said Vanvari.

According to Choksey, the whole argument of LTCG is largely to penalise those penny stocks which have been manipulating the market and walking away without paying tax.

For entire discussion, watch accompanying video...
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