Primus In News
Budget 2024: Long-Term Capital Gains Tax Hiked To 12.5%, Short-Term To 20%; Experts Highlight Stock Market Impact
23-07-2024
Shravan Shetty, Managing Director,Primus Partners, share his views on the concern over the potential negative impact of increasing long-term capital gains taxes. He acknowledged the intent behind the move to curb market euphoria but emphasized that the proposed 25% increase to 12.5% could redirect investments towards unproductive assets such as gold and real estate. He emphasized the importance of capital markets for India's economic growth and believed that such a measure might hinder the progress made in expanding market participation in recent years. Read Now!
Alternate Publication
Explore Related Insights
- Covid-19: Assocham suggests war-footing steps; seeks moratorium on all debt repayments – Times of India
- Auto-parts companies tap electronics as new growth avenue: Report
- Prolonged instability in Bangladesh may disrupt reactive dyes industry for next one year
- FTA With EU, UK, Australia Need Of The Hour: Adarsh Sharma, Primus Partners
