Main focus of foreign investors will be on capital gains tax: Mark Matthews

Quick Summary:

Yes, there has been more given to Bihar and Andhra Pradesh but it doesn’t change the Budget math significantly.

My key takeaway is the increase in the capital gains tax increase, which is of course a negative for the market.

But there is no getting around the fact that capital gains taxes are not good for financial markets.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Stock market trading Mark Matthews Julius Baer

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 06:05:54 (17 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 827 words

Reading Time: 5 minutes read

Sentences: 47 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21767047

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Official Website: business-standard.com

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