Union Finance Secretary Dr TV Somanathan on the long-term capital positive aspects measure within the Funds

There have been representations to us from many sectors that they needed this to be simplified. So the motive is for simplification and that, I believe undeniably there’s a appreciable simplification; nearly every thing long run is at 12 5 per cent and nearly every thing is now, if it’s listed, it’s one yr for long run. If it’s unlisted it’s two years. So the three-year class has gone and most issues at the moment are unified. On the 12.5 per cent fee. So sure, it’s simplified. The second motive was growing income. So this was not a income impartial train. It isn’t unintentional that there’s a income enhance,” says Dr TV Somanathan in a dialog with businessline Editor Raghuvir Srinivasan

Make sure you take a look at the opposite movies beneath,

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