Capital Gains Taxation #Budget2018

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Why rock the boat? Well if one can collect Rs 7,800 Cr/yr and increasing than why not. Let me give you a breakup. During 2016 demonetisation period PM Modi in an Industry function said Securities Markets should come up with their fair share of taxes in Nation building. Ofcourse it was left for FM Jaitley to douse the fire claiming GoI does not have any plans to introduce such tax. It should have died last year, but Indian market participants are very sensitive especially towards any new taxes marked to them. So despite Sensex/Nifty scaling new all time highs prior to Budget2018 this niggling but make-no-mistake its not small hiccup for market participants. For short term there can be a vicious cut as seen during initial hours of Gujarat Vote Counting day. Only way is to embrace and “investors” need not worry but make good if a healthy correction is available.

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