Manishi Raychaudhuri, BNP Paribas said imposition of long-term capital gain tax would depress sentiment of market participants both domestic and foreign.
Manishi Raychaudhuri, BNP Paribas said imposition of long-term capital gain tax would depress sentiment on the Indian market because none of the other large markets have LTCG tax.
If the tax is only for domestic investors and not FIIs even then since the recent fund flows suggest that they have come from domestic investors more, that would also not be welcome at this time. It is unlikely that the government would like to puncture the sentiment in the equity market at this point, he says.India Union Budget 2018-19 Live: News, updates and highlights from FM Arun Jaitley's Budget 2018 speech, announcements
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