Stock price moves unrelated to taxation: Economic Affairs Secy Ajay Seth

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Stock price moves unrelated to taxation: Economic Affairs Secy Ajay Seth - Business Standard

Quick Summary:

The secretary was responding to a query at a press conference in Visakhapatnam on whether the long-term capital gains tax rate of 12.

Taxing them on their gains, especially when they have no tax set-off available in their home country, and when they face forex-related risks, is a big mistake,” Arora had noted, adding this had soured sentiment.

In the case of debt, it is the applicable tax slab rate, it can be 10 per cent, 20 per cent or 30 per cent in the long term.