What's stopping the small investor in remaining invested for a little longer than 1-2 days?
I think if the Short Term CGT is abolished it would benefit the small investor a lot more.
The loss to the govt exchequer can be more than compensated by raising the STT for non-delivery trade. STT is also easier & less costly to collect for the govt.
Regards,
Kalyan.
I think if the Short Term CGT is abolished it would benefit the small investor a lot more.
The loss to the govt exchequer can be more than compensated by raising the STT for non-delivery trade. STT is also easier & less costly to collect for the govt.
Regards,
Kalyan.
Further, the counter question is, what is stopping long term investors from paying taxes on profits they earned than putting their burden on the group of liquidity providers who ultimately serve the cause of long-term investors?
Best Regards,
--Ashish